Joe Raedle | Getty Imageson Tuesday reported weaker-than-expected quarterly earnings and revenue, signaling that its price hikes may finally be alienating customers.
It's the first time since Chipotle's third-quarter report in 2017 that the company has fallen short of Wall Street's estimates for both its quarterly earnings and revenue, according to Refinitiv data. Excluding certain legal expenses, corporate restructuring costs and other items, Chipotle earned $8.29 per share.climbed 11.2% to $2.18 billion for the fourth quarter. The company's same-store sales rose just 5.6%, falling short of StreetAccount estimates of 6.
Who knew people didn’t want to pay $20 for a $2 Taco Bell like burrito? ChipotleTweets
Who cares they can just get Scsm chat Gpt from $MSFT ! see all good 🤡🌎
The only reason sales are down are because lineups at lunch are 30 min + They need more locations to feed the demand. LFG
Chipotle is very expensive. You can get better elsewhere for the same price
Cause they suck!
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?
Are you ever gonna cover how many manipulated the market is?