Reported about 19 hours ago
Chipotle's shares dropped after the company reported a 0.4% decline in same-store sales for the first quarter, the first decrease since the onset of the pandemic. This miss came alongside lower expectations for 2025, with transactions down 2.3% and revenue at $2.88 billion, missing analysts' forecasts. CEO Scott Boatwright noted challenges related to consumer spending and competition, while the company aims to enhance convenience by expanding its restaurant footprint. Overall, Chipotle's stock has fallen 19% this year amid concerns about inflation and cost pressures.
Source: YAHOO