Chipotle Q3 Results Expected to Show Continued Sales Recovery, BofA Securities Says

11:19 AM EDT, 10/19/2026 (MT Newswires) -- Chipotle Mexican Grill's (CMG) Q3 earnings report is expected to show continued sales recovery adjusted for the roughly 200 basis points drag from the Cyclospora outbreak and an incremental 100 bps drag from the jalapeno-related salmonella incident, BofA Securities said in a note Monday. The investment firm raised its same-store sales growth estimate to 1% from flat given the heavier-than-expected promotional activity to partially offset food safety pressure. A positive comp would indicate resilient traffic and indicate continued acceleration in Q4, according to the note. BofA said Q3 saw 4.6 active promotional programs per week versus 2.7 a year ago. As the activity was skewed toward digital, event-based offers, the targeted nature likely minimized impact on profit-loss statement, consistent with the company's guidance for promo activity to be in low 3% of revenue. Chipotle Mexican Grill is scheduled to report its Q3 financial results on Oct. 28. BofA Securities reiterated its buy rating on the stock, with a $53 price target. Price: 29.59, Change: -0.31, Percent Change: -1.02