— 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.
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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!
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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:
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Stocks making the biggest moves midday: Chegg, Hertz and Oak Street HealthThese are the stocks posting the biggest moves during midday trading. CINF
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