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Shares of Chipotle Under Pressure After Missing Key Metrics

August 1, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of Chipotle (CMG) are under pressure in extended trading Tuesday, following its mixed fourth quarter earnings results after the closing bell. The Mexican food chain posted a profit topping analysts’ forecasts, but revenue for the quarter missed analysts’ expectations. Chipotle also missed two key metrics including same store sales and restaurant margins. The Denver, CO-based company says it now expects low to mid-single digit sales growth in 2015. The burrito maker added that higher prices of beef, avocado and dairy cut into its earnings figures. TheStreet’s Kurumi Fukushima reports from New York.

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