Chipotle faces consumer spending headwinds

3 months ago

"Shares of Chipotle. Chipotle is having a really bad day. To be precise on intraday basis, it's the worst day since 2012. The ticker is CMG. Shares plummeted after the chain cut its outlook for a third time this year. Uh and we're worried about young diners. Uh they pulled back from eating out. Uh and obviously there has been a lot of concern about consumer spending and this is adding up."

Chipotle (CMG) is enduring its worst intraday performance since 2012 after cutting its outlook for the third time this year. Concerns over declining patronage from young diners and weakening consumer spending are driving a significant drop in the stock.

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