Chipotle mexican grill, Same-Store Sales
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Chipotle Mexican Grill (CMG) shares plunged Thursday after the fast casual chain served up a lackluster same-store sales outlook. The company said it expects flat comparable store sales this year, below its prior forecast of a low single digit growth rate,
Chipotle Mexican Grill Inc. shares plunged after cutting its annual outlook for the second time this year, suggesting that honey chicken and burrito giveaways haven’t been enough to offset a traffic slump that the company attributed to economic anxiety.
It declined by 14.4% today after posting Q2 earnings. Revenue grew 3% to $3.06 billion, narrowly missing the $3.11 billion consensus. Same-store sales fell 4% vs. the Street’s 2.9% decline forecast and a sharp step down from the 0.4% dip in Q1.
The chain's finance chief said customers who used to opt for steak and barbacoa proteins are "shifting a little bit more to chicken."
Ozzy Osbourne called Chipotle his "favorite, favorite burrito joint" and was the first Celebrity Card recipient
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Chipotle CEO Scott Boatwright doesn’t think Chipotle is getting credit with the consumer for its value proposition. The proof is in the results, including a 4 percent decline in Q2 same-store sales due to a 4.
Burrito chain reduces sales outlook for the year; executives aim to better highlight Chipotle’s value proposition
Chipotle Mexican Grill is expected to report its second-quarter earnings after the bell on Wednesday. Here's what Wall Street analysts surveyed by LSEG are expecting the company to report:
On July 24, 2025, the official 2XKO X account announced its collaboration with Chipotle as its launch partner for EVO. Headlined 'Real Food For Real Champs', th