UBS expects Chipotle Mexican Grill (CMG) to report broadly in-line third-quarter sales on October 28, with same-store sales growth of 1.5% against a 1.3% consensus. However, Second Measure data suggests trading weakened at the start of the fourth quarter, and UBS forecasts 1.4% same-store sales growth for 2026, below the 1.8% consensus. Third-quarter restaurant-level margin is forecast at 23.6%, down 90 basis points year on year and below the 23.8% consensus. UBS expects 2027 same-store sales growth of 2.6% and a 24.0% margin, though the margin remains below the 24.4% consensus, supported by menu and marketing initiatives.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chipotle faces near - term sales pressures but UBS sees stronger growth in 2027
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