Shares of Chipotle Mexican Grill Inc. fell in late trading Tuesday after the fast-casual Mexican chain missed expectations for holiday earnings amid “tightening” consumer spending and more expensive burritos.
The results mark only the second time in five years that Chipotle CMG reported earnings per share that came up short of Wall Street’s expectations. The last time that happened was the same quarter in 2020. “With consumer discretionary spending tightening, we are focused on running great restaurants and delivering excellent customer and employee experiences,” Chief Executive Brian Niccol said in a statement.
this is the reason:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: CNBC - 🏆 12. / 72 Läs mer »