— Shares of the fast casual restaurant chain fell more than 5% on the back of disappointing quarterly results.
Chipotle said it saw customers pull back on their restaurant spending during the fourth quarter. "As we got around the holidays, we just didn't see that pop, that momentum, that we normally see," CFO Jack Hartung said on a conference call.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves after hours: Chipotle, Enphase Energy, Fortinet and moreThese are the stocks posting the largest moves in extended trading.
Source: CNBC - 🏆 12. / 72 Read more »
Chipotle Mexican Grill misses expectations for earnings, revenue and same-store salesThe burrito chain has been raising prices to offset higher food and labor costs. Are you ever gonna cover how many manipulated the market is? How can you miss earnings expectations when a huge part of the reason is the fact that your stores are never properly stocked with the ingredients needed to make the food? Wouldn't that tell you something? Cause they suck!
Source: CNBC - 🏆 12. / 72 Read more »
Chipotle stock falls after 'tightening' consumer spending leads to second earnings miss in five yearsShares of Chipotle Mexican Grill Inc. fell after hours on Tuesday after the fast-casual Mexican chain reported fourth-quarter results that missed expectations. this is the reason:
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves midday: Chegg, Hertz and Oak Street HealthThese are the stocks posting the biggest moves during midday trading. CINF
Source: CNBC - 🏆 12. / 72 Read more »