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News in English (USA) / 30.10.2024 / 04:00

Chipotle Stock Declines After Disappointing Q3 Sales Results

Chipotle Mexican Grill has faced a significant decline in its stock price following the announcement of its third-quarter earnings, which missed both revenue and same-store sales expectations. The company reported adjusted earnings per share of $13, slightly beating estimates, but a fall in revenue and disappointing sales trends led to a negative response from investors. Analysts had anticipated stronger results, especially after the return of popular menu items, yet concerns over a high-priced menu impacting demand became apparent. As a result, Chipotle has seen its shares drop, raising questions about its growth trajectory amid ongoing leadership changes.
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