Chipotle Mexican Grill sign outside the chain's restaurant in the Mission Rock development, San Francisco, California, October 15, 2026. (
Smith Collection/gado | Archive Photos | Getty Images
Chipotle Mexican Grill on Wednesday reported mixed quarterly results and said its restaurant-level operating margin shrank.
But the burrito chain saw traffic and same-store sales grow during the quarter as low-income consumers spent more, bucking industry trends, and CEO Scott Boatwright projected a strong finish to the year.
Shares of the company rose 7% in extended trading.
"Broader consumer and industry headwinds may continue, but initiatives across our recipe for growth strategy are building and giving us more tools to win in any environment," Boatwright said on the company's earnings conference call.…