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Chipotle CEO warns 'the consumer is sitting on the sideline' after chain reports decline
According to Fortune, Chipotle CEO Scott Boatwright pointed to cautious consumers when speaking to investors after the chain saw a dip in sales and lower-than-expected quarterly revenues. The publication reported that Chipotle reported a 6.4% boost in quarterly revenues to $2.44 billion, falling short of an expected $2.95 billion.
NEWPORT BEACH, CALIF. — Despite an increase in first-quarter revenue compared to the same period last year, Chipotle Mexican Grill has seen a drop in comparable sales at its restaurants, which the ...
The slowdown in consumer spending is to blame for negative same-store sales in the first quarter for the fast-casual chain.
Chipotle’s same-store sales turned negative for the first time since 2020, and economic uncertainty is the primary culprit. A ...
Chipotle continued its strong performance in 2024. How is the CMG story going to unfold from here? Click here to find out.
The spring months typically kick off what Chipotle calls "burrito season" — the busiest time of the year for the chain, from ...
The restaurant chain plans to improve CX through friendliness. “The fact is smiles down the line don't slow us down,” CEO ...
In an interview with Yahoo Finance (video above), CEO Scott Boatwright said Chipotle's recent customer study found that ...
It's easy to get caught up in the latest news about slowing sales, but don't let that cause you to forget Chipotle's ...
Chipotle Mexican Grill bills itself as Mexican-inspired, and is about to test how its interpretation goes down in the cuisine's home country. Boatwright said Chipotle wasdifferent given its ...
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