Chipotle Mexican Grill Reports Weaker-Than-Expected Quarterly Sales
Chipotle Mexican Grill’s shares have declined by approximately 10% following a quarterly sales forecast that fell short of expectations. The company’s annual sales forecast has been impacted by decreased consumer spending on dining out, resulting in a larger-than-expected drop in quarterly sales.
Financial Performance
The company reported a profit of $436 million for the second quarter, in line with Street estimates. This figure represents the company’s earnings per share (EPS) for the period.
Analyst Views
A total of 27 analysts have shared their perspectives on Chipotle’s performance, with varying views on the company’s prospects.
Stock Price Performance
Chipotle’s stock price has been volatile over the past 52 weeks, with a high of $66.74 and a low of $44.46. This represents a significant range in the company’s stock price during the period.
Key Statistics
- Decline in Chipotle’s shares: approximately 10%
- 52-week high: $66.74
- 52-week low: $44.46
- Number of analysts sharing their perspectives: 27