Chipotle Misses Q1 Estimates as Same-Store Sales Decline for First Time Since 2020
Chipotle Mexican Grill reported weaker-than-expected quarterly revenue and same-store sales declined for the first time since 2020, citing a slowdown in consumer spending and adverse weather. The burrito chain’s earnings per share and net sales rose, but same-store sales fell short of expectations. The company attributed the decline to economic uncertainty, which led customers to … Read more