Chipotle stock just suffered its worst day in 10 years. The Q3 earnings flop sent shares crashing 13%. Sales growth stalled, prices bit back, and younger customers pulled away. Inflations squeeze is ...
The fast-casual restaurant chain, which relies heavily on young diners, has cut its sales forecasts multiple times this year.
By Savyata Mishra and Akriti Shah (Reuters) -Shares of Chipotle Mexican Grill and Starbucks slumped in premarket trading on Thursday, as fresh warnings about weak demand and rising input costs ...
Despite consumer pullback and a value advantage over fast casual competitors, CEO Scott Boatwright said “value as a price point is not and will not be a Chipotle strategy.” ...
Chipotle Mexican Grill Inc. cut its full-year outlook for a third time this year as diners pulled back from eating out at the fast-casual chain.
Chipotle's menu innovation was not enough to lure in customers that are being pickier during the third quarter.
"Progress is coming at the expense of significant margin erosion though, so while encouraging, it's also pushing the earnings recovery further (and further) to the right," Saleh said. In a reflection ...
CMG stock's 25% slide reflects slowing traffic and consumer strain, as it doubles down on loyalty, menu innovation and ...
On Wednesday, Chipotle (CMG) is expected to report earnings, which should provide plenty in the way of headlines for investors in this name (and those who may not be invested in this restaurant chain) ...
Chipotle shares are trading lower Thursday after the company reported mixed third quarter financial results and forecasted low single-dit declines in comparable restaurant sales for 2025.