Reported 1 day ago
Chipotle Mexican Grill (CMG) experienced a 13.34% decline in stock value, closing at $45.74, after revealing disappointing Q2 results with a 4.3% decrease in net income and a 4% drop in comparable store sales. Although total revenues increased by 3% due to new restaurant openings, the company's outlook remains cautious, predicting flat same-store sales for the year ahead while implementing strategies to enhance performance.
Source: YAHOO