Chipotle misses revenue estimates, gives more cautious outlook as it sees ‘slowdown’ in spending

Can Chipotle succeed in Mexico, where Taco Bell failed?

Branded is a weekly column devoted to the intersection of marketing, business, design, and culture. This week Chipotle Mexican Grill announced plans to crack a market that already has plenty of Mexican-food options: Mexico. Specifically, the Colorado-founded, California-based burrito concern said it would work with Mexican firm Alsea—which operates Latin American and European locations of various chains, including Starbucks, Domino’s Pizza, and …

Popular chain restaurant sees ‘slowdown’ in spending, sales decline for first time since 2020

A popular Tex-Mex chain has reported a drop in same-store sales, the first decline since the 2020 COVID pandemic shutdowns.

Chipotle CEO warns ‘the consumer is sitting on the sideline,’ leading to the chain’s first same-store sales decline since 2020

For the first time since 2020, Chipotle saw a decrease in quarterly same-store sales. CEO Scott Boatwright pointed to cautious consumers and a spending slowdown as the primary culprits for a sales dip and lower-than-expected quarterly revenues. Boatwright has previously said Chipotle would not raise its prices. Chipotle is beginning to notice the impact of consumers spooked by volatile economic conditions. The company reported on Wednesday a 6.4…

Chipotle Sees Same-Store Sales Drop, but CEO Says Menu Price Increases Unlikely in the Near Future - RetailWire

Chipotle reported a relatively soft quarterly earnings situation but said price increases were not expected in the near term.

Chipotle’s same-store sales wobble on economic uncertainty

The fast casual giant — a sales overperformer in 2024 — said its comparable transactions fell in what could be an early warning of anemic diner spending.

Chipotle sales slump as recession fears hit burrito chain: ‘Consumers were saving money’

Chipotle Mexican Grill on Wednesday tempered its annual comparable sales growth forecast as sticky inflation and economic uncertainty force consumers to dine out less, sending the burrito chain's shares down 3% after hours.