Chipotle Mexican Grill is experiencing a significant slowdown in consumer spending as the new year begins, reporting its first same-store sales decline since the pandemic. The company has revised its annual sales forecast downward as diners tighten their wallets in response to economic uncertainties and rising tariffs that may impact costs. Despite efforts to target positive transaction growth through new initiatives, the chain is under pressure from macroeconomic issues and consumer sentiment. The latest earnings report showed a revenue miss, leading to a drop in stock prices. As Chipotle navigates these challenges, concerns about a potential recession loom over the fast-food giant, which has seen traffic stall and overall sales cool.