The following is a transcript of Chipotle Mexican Grill's Q1 2026 earnings call, held on April 29, 2026.
Company Participants
- Cynthia Olsen - Head of Investor Relations & Strategy
- Scott Boatwright - CEO & Director
- Adam Rymer - Chief Financial Officer
Conference Call Participants
- Danilo Gargiulo - Bernstein Institutional Services LLC, Research Division
- Lauren Silberman - Deutsche Bank AG, Research Division
- David Palmer - Evercore ISI Institutional Equities, Research Division
- Brian Harbour - Morgan Stanley, Research Division
- Gregory Francfort - Guggenheim Securities, LLC, Research Division
- Sara Senatore - BofA Securities, Research Division
- John Ivankoe - JPMorgan Chase & Co, Research Division
- Jon Tower - Citigroup Inc. Exchange Research
- Andrew North - Robert W. Baird & Co. Incorporated, Research Division
- Christopher O'Cull - Stifel, Nicolaus & Company, Incorporated, Research Division
- Andrew Charles - TD Cowen, Research Division
Presentation
Operator: Good day, and welcome to the Chipotle Mexican Grill First Quarter 2026 Results Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Cindy Olsen, Head of Investor Relations and Strategy. Please go ahead.
Cynthia Olsen: Hello, everyone, and welcome to our first quarter earnings call. By now, you should have access to our earnings press release. If not, it may be found on our Investor Relations website at ir.chipotle.com. Additionally, supplemental investor information is available on our site as a reference for today's call.
I will begin by reminding you that certain statements and projections made in this presentation about our future business and financial results constitute forward-looking statements. These statements are based on management's current business and market expectations, and our actual results could differ materially from those projected in the forward-looking statements. Please see the risk factors contained in our annual report on Form 10-K and in our Form 10-Qs for a discussion of risks that may cause
