US EditionChipotle cuts same-store sales forecast for third straight quarter as diner visits drop again
Chipotle's shares dropped 33% this year as younger customers face economic challenges, leading to a third consecutive cut in the 2025 sales forecast amid weak demand.
- On Wednesday, Chipotle Mexican Grill, Inc. reported third-quarter results, posting $3 billion in revenue and $382.1 million in net income.
- Wall Street analysts surveyed by LSEG expected earnings per share of 29 cents and anticipated modest same-store sales improvement in fiscal year 2025, after Chipotle trimmed its full-year same-store sales outlook to flat last quarter.
- Boatwright noted the chain's customer mix, saying Chipotle is over-indexed to younger customers facing unemployment, loan repayment and slower wage growth, with many sales from households earning $100,000 or less.
- Shares sank more than 15% in after-hours trading Wednesday after Chipotle cut its sales forecast, the third quarter in a row, with fiscal 2025 same-store sales expected to fall in the low-single-digit range.
- Broader data show consumer prices rose 3% in September, with higher inflation and weaker dining out sales at McDonald's and Wendy's indicating sector-wide pressure.
24 Articles
24 Articles
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Smith Collection/Gado/Getty ImagesChipotle's stock dropped as much as 20% on Thursday after the company's Q3 earnings report.The popular food chain revealed a substantial decline in customer traffic.This has prompted a reduced outlook, and markets aren't reacting well.Chipotle's stock plunged 22% on Thursday after the company missed Wall Street's Q3 revenue estimates. The fast-casual food chain revealed something else that may be even more conce…
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Chipotle stock price crashes as Gen Z and millennials burdened by student debt and unemployment stay away
Fast-casual restaurant chain Chipotle Mexican Grill (NYSE: CMG) is seeing its stock price plummet this morning after reporting third-quarter 2025 earnings and a sales forecast that alarmed investors. As of the time of this writing, CMG shares are down a staggering 19% to $32.21 in premarket trading. Here’s what you need to know about the company’s stock price crash. What’s happened? On Wednesday, Chipotle reported its Q3 2025 earnings after the …
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