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CHIPOTLE MEXICAN GRILL INC

For the period ended Sep 30, 2026. Filed Oct 29, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 29, 2026

CMG$35.74+3.8%Stored close · as of Nov 9, 2026

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Item 1A. Risk Factors

For a description of risk factors that could impact our business, including risks and uncertainties related to consumer sentiment and changes in discretionary spending; changes in the costs of ingredients and restaurant equipment, including from tariffs, trade sanctions or taxes; competitive market conditions; and macroeconomic and geopolitical conditions, see Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2025. We have had no material changes in our risk factors from those described in our Annual Report on Form 10-K for the year ended December 31, 2025.

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