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Chipotle sales slump as recession fears hit burrito chain: ‘Consumers were saving money'
CMGChipotle Mexican Grill(CMG) New York Post·2025-04-24 06:16

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 ...