Chipotle slumps after gloomy 2025 guidance
Chipotle shares tumbled in the after-hours session on Tuesday after it reported a lackluster outlook for 2025.
The burrito chain’s sales and profits for the the last three months of 2024 were largely in line with analysts’ estimates. But its comparable sales, a key industry metric, missed slightly at 5.4% for the last quarter versus an estimated 5.7%.
Worse yet, the company said it expects its full-year comparable sales growth to be “in the low to mid-single digit range,” making the Street’s call for 5.2% same-store sales growth look like a tough bar to meet.
Worse yet, the company said it expects its full-year comparable sales growth to be “in the low to mid-single digit range,” making the Street’s call for 5.2% same-store sales growth look like a tough bar to meet.
