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.The company now expects annual comparable sales growth in the low single-digit range, compared with a prior forecast for a low- to mid-single-digit rise.President Trump’s sweeping tariffs on trade partners including Mexico and Canada, as well as an escalating trade war with China, have ra ...