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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We had fantastic AI wins at Trinity Health, Chipotle and Cox Health, just to name a few.”
Chipotle was cited as a win for Workday's AI products, later credited with a roughly 75% reduction in time to hire via Paradox.
“One of the things that made Chipotle successful was the digital make line that helped provide capacity for traffic growth and creating production capacity.”
An analyst frames Chipotle's digital make line as a proven capacity-unlock model, implying Chipotle's operational playbook (which new Starbucks CEO Brian Niccol led) is a credible benchmark for throughput gains elsewhere in restaurants.
“whether you're talking about Uber or DoorDash. One is heavily focused on price differentials for in-restaurant versus delivery. Other one's more promotionally driven.”
Chipotle discusses DoorDash as one of its distinct third-party delivery aggregator channels, noting differing promotional dynamics as it works to drive transactions through delivery partners.
“whether you're talking about Uber or DoorDash. One is heavily focused on price differentials for in-restaurant versus delivery. Other one's more promotionally driven.”
Chipotle discusses Uber as one of its distinct third-party delivery aggregator channels, describing differing channel dynamics as it works to drive transactions through delivery partners.
“With our regional partner, Al Shia Group, we opened seven more partner-operated restaurants in the fourth quarter and 11 for the year, with a total of 14 restaurants in the region.”
Chipotle's Middle East franchise partner (Alshaya Group) is expanding rapidly and plans to nearly double footprint in 2026 including entering Saudi Arabia, a positive read-through on the partner's regional operations.
“We remain on track to open our first restaurant with Alsea in Mexico early next year and continue to evaluate other potential partnerships in different parts of the world.”
Chipotle is on track to open its first Mexico restaurant with franchise partner Alsea in early 2026.
“We have 5 restaurants open in Kuwait and Dubai, and Alshaya Group plans to accelerate growth in the back half of the year.”
Alshaya Group, Chipotle's Middle East franchise partner, operates 5 restaurants in Kuwait and Dubai and plans to accelerate unit growth in the second half of the year.
“I'm excited to share that we recently signed a new partnership agreement with Alcea, a leading operator in Latin America and Europe, to open restaurants in Mexico. We anticipate the first restaurant to open in early 2026, and we will also begin to explore possible expansion into additional markets in the region.”
New franchise partnership brings Chipotle into Mexico for the first time, with potential for further Latin America/Europe expansion via Alcea.
“In the Middle East, we opened two more restaurants with Al Shaya Group in February. We now have five restaurants open, including three in Kuwait and two in Dubai. Results continue to be very strong, as we mentioned last quarter. We will accelerate growth this year with the Al Shaya Group.”
Chipotle's Middle East franchise partner is expanding rapidly with strong unit-level results, supporting continued regional growth for the partnership.
“The partnership with Alshaya, I'll talk about first is going really, really well. And so we have three restaurants open, two in Kuwait, one in Dubai. We have one additional restaurant in Dubai opening very soon. We're happy. Mohammed Alshaya is really happy with the relationship, and we'll continue to expand pretty aggressively with the Alshaya Group here in 2025.”
Chipotle's Middle East franchise partner Alshaya Group is performing well (three restaurants open, one more opening soon), and Chipotle plans to expand the partnership aggressively in 2025.
“and our second partnership with Strava, the app for active people with over 135 million users in more than 190 countries.”
Chipotle renewed a marketing partnership with fitness app Strava (135M+ users) to promote healthy-habit lifestyle goals to guests in North America and Europe.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Sara Senatore | Bank of America | 12 (8%) |
| Lauren Silberman | Deutsche Bank | 11 (0%) |
| Danilo Gargiulo | Bernstein | 10 (10%) |
| Dave Palmer | Evercore ISI | 10 (10%) |
| Andy Charles | TD Cowen | 9 (44%) |
| Brian Harbour | Morgan Stanley | 8 (0%) |
| Sharon Zackfia | William Blair | 7 (14%) |
| Dave Tarantino | Robert W. Baird | 7 (29%) |
| John Ivankoe | JPMorgan | 7 (0%) |
| Dennis Geiger | UBS | 7 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 | 12 (8%) |
| Deutsche Bank | 1 | 11 (0%) |
| TD Cowen | 2 | 11 (36%) |
| Evercore ISI | 1 |
| 10 (10%) |
| Robert W. Baird | 2 | 10 (20%) |
| Bernstein | 1 | 10 (10%) |
| Morgan Stanley | 1 | 8 (0%) |
| Goldman Sachs | 2 | 7 (0%) |
Chipotle closed FY2025 with Q4 sales growth of 4.9% to $3 billion, while adjusted EPS of $0.25 was consistent with the prior year as restaurant-level margin declined 140 basis points to 23.4% amid deliberate underpricing relative to inflation. The company launched its "Recipe for Growth" next-generation strategy and set FY2026 comp guidance at about flat with a conservative baseline. High-protein menu innovation drove record engagement, HEAP equipment rollout was accelerated with hundreds of basis points of comp lift in equipped restaurants, and global expansion was entering new partner-operated markets.
Demand | Revenue Growth | Competitive Dynamics | Margin | Innovation & R&D | Geographic Expansion | Product Launch | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 8 | 5 | 6 | 3 | 3 | 3 | 2 |
| 2025Q1 | 9 | 4 | 6 | 1 | 3 | 3 | 2 | |
| 2025Q2 | 8 | 8 | 8 | 4 | 5 | 2 | 1 | |
| 2025Q3 | 9 | 5 | 4 | 4 | 2 | 2 | 1 | 4 |
| 2025Q4 | 12 | 6 | 3 | 4 | 3 | 3 | 5 | 3 |
| 2026Q1 | 5 | 4 | 6 | 1 | 3 | 2 | 2 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 9 | 8 | 9 | 12 | 5 |
| Revenue Growth | 8 | 4 | 8 | 5 | 6 | 4 |
| Competitive Dynamics | 5 | 6 | 8 | 4 | 3 | 6 |
| Margin | 6 | 1 | 4 | 4 | 4 | 1 |
| Innovation & R&D | 3 | 3 | 5 | 2 | 3 | 3 |
| Geographic Expansion | 3 | 3 | 2 | 2 | 3 | 2 |
| Product Launch | 3 | 2 | 1 | 1 | 5 | 2 |
| Pricing | 2 | 4 | 3 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CMG Chipotle Mexican Grill | 5 | +7.4% | |
| DPZ Domino's | 5 | +3.5% | |
| DRI Darden Restaurants | 9 | +13.7% | |
| MCD McDonald's Corporation | 7 | +9.4% | |
| SBUX Starbucks | 9 | +8.8% | |
| YUM Yum! Brands | 9 | +15.2% |