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Chipotle (CMG) Q2 2025 Earnings Call Transcript


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Chipotle Mexican Grill (NYSE:CMG) management signaled continued volatility and macro-related challenges, with only modest year-over-year top-line growth of 3% but progress in margin initiatives. Executives highlighted recent improvements in transaction trends following summer marketing and loyalty programs and into July, though consumer headwinds led to conservative full-year guidance. Efforts to communicate value, invest in equipment and digital innovation, and expand internationally remain priority areas to drive future growth.

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