Chipotle Mexican Grill raised its full-year comparable restaurant sales growth forecast to the low single-digit range, up from its previous projection of flat growth. This follows strong second-quarter results where the company reported an adjusted profit of 33 cents per share, surpassing the 32 cents expected by analysts surveyed by LSEG. Revenue also exceeded expectations, coming in at $3.35 billion against a forecast of $3.33 billion. Comparable restaurant sales for the quarter increased by 2.2%, outperforming the 1.32% rise analysts had estimated. The company's performance was bolstered by value deals and new menu items like honey chicken and cilantro lime sauce, though a cyclospora outbreak in late July is expected to make Q3 the most challenging quarter of the year.
In contrast, Carvana's stock experienced a decline despite reporting record second-quarter 2026 results. The online automotive retailer announced all-time quarterly records with 197,325 retail units sold, a 38% year-over-year increase, and total revenue of $7.376 billion, a 52% year-over-year jump. The company also achieved record Q2 profitability, including net income of $513 million and adjusted EBITDA of $769 million. However, Carvana's full-year 2026 adjusted EBITDA guidance of $2.7 billion to $3.0 billion fell short of Wall Street's expectations, leading to a 15% drop in its stock.
Carvana's Q2 2026 results indicate a strong position for the company heading into the latter half of the year, with a sequential increase in retail units sold anticipated for Q3. The full-year adjusted EBITDA projection of $2.7 billion to $3.0 billion represents an increase from $2.24 billion last year, signaling continued growth despite the market's negative reaction to the guidance. Overall, these results reflect a mixed day for the two companies discussed in the financial news.
