Chipotle Reports Q3 Earnings Amid Salmonella Outbreak

Chipotle Mexican Grill Inc. will report its third-quarter earnings on Wednesday after the market closes. Analysts expect earnings of 29 cents per share on revenue of $3.28 billion, a figure that would mark year-over-year growth but a decline from the second quarter.

The company is operating in a difficult fast-casual environment with 2026 traffic growth falling below 1% and increasing labor cost pressures. Investors are focusing on the company's fourth-quarter guidance, the rollout of high-efficiency equipment, and the impact of loyalty program enhancements.

Simultaneously, the chain is addressing food safety failures in Minnesota. The Minnesota Department of Health linked 110 salmonella cases to Chipotle locations in that state between June and July. In response, the company changed suppliers and removed jalapenos from the affected stores.