Chipotle beats sales estimates as brisket returns and incidents draw scrutiny
The gist
Chipotle's third-quarter same-store sales rose 2.1%, topping the 1.5% analyst average.
Growth continues as the chain manages viral incidents and a stock slump.
How it unfolded
- Oct 28, 2026Chipotle reported third-quarter results, with same-store sales up 2.1% versus a 1.5% average of Bloomberg-compiled estimates — its third straight quarter of growth at restaurants open at least 13 months.
- Oct 29, 2026Chipotle's 12-month price target was cut to $40.87, implying 42% upside.
- Oct 30, 2026A 20-year-old man was arrested at 2:20 p.m. at a South Miami Chipotle over a workplace conflict, facing four charges including aggravated assault with a deadly weapon; bond was set at $6,400 with house arrest and a GPS monitor.