Chipotle's Slump Raises Turnaround Questions

3 months ago

Norah Melinda

"So, this is a great moment for me, but shares of Chipotle in focus here. Ticker CMG, and they're falling. I mean, dismal performance year, worst day since 2012, falling as much as 22%. This is after the company cut its outlook for the year. They're saying that diners are pulling back from eating out and they're really worried about consumer spending more broadly, but also they attributed rising costs to an increase in beef prices and the impact of new tariffs here."

Chipotle (CMG) is struggling with its worst day since 2012 as shares fall 22% following a downgraded outlook, amidst concerns over consumer spending and rising costs impacting profitability.

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