Reported about 20 hours ago
Chipotle reported mixed first-quarter financial results, with adjusted earnings slightly above expectations but revenue falling short. CEO Scott Boatwright attributed the decline in same-store sales to lower consumer confidence and the broader economic climate affected by trade tensions. While foot traffic decreased for the first time since 2022, Boatwright emphasized that Chipotle remains competitively priced and has plans to enhance customer engagement and marketing this summer to drive sales.
Source: YAHOO