US EditionChipotle Q2 Same-Store Sales Drop 4% - Orange County Business Journal
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Chipotle Q2 Same-Store Sales Drop 4% - Orange County Business Journal
Chipotle Mexican Grill Inc. posted a decline in same-store sales for the second consecutive quarter following a drop in foot traffic. Same-store sales (SSS), a key financial metric, declined 4% during the restaurant company’s second quarter ended June 30 due to a 4.9% decrease in transactions, Chipotle reported on July 23. The next day shares (NYSE: CMG) dropped 13% to $45.74. In the previous first quarter, sales fell 0.4% and marked the Newport…
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