Reported 28 days ago
Chipotle Mexican Grill reported lower-than-expected third-quarter same-store sales growth, attributed to higher menu prices and rising ingredient costs impacting demand and margins. Despite a 6% sales increase, it fell short of the anticipated 6.3%. The company, now led by interim CEO Scott Boatwright after Brian Niccol's unexpected departure, is maintaining its annual sales growth target but faces challenges amid a competitive dining landscape.
Source: YAHOO