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@CompanyFence382 3 months ago

Chipotle stock just dipped (17%) massively after the sales outlook worsened

Chipotle stock just dipped (17%) massively after the sales outlook worsened

just reported Q3 revenue of around $3.00 billion, which is up around 7.5% year-on-year, but it is still below the expectations which were around $3.06 billion. The EPS matched the expectations, but the company found out a key issue that the younger customers (ages 25-34 who have income less than $100K) are visiting less and are instead eating at home more. This caused the share price to drop by almost 17%.

@BrianHoward 3 months ago

No shit they’re eating at home. Inflation is real. 

@AntonioMyers 3 months ago

good that they’ve identified the issue. 

@Simonwhite 3 months ago

The shift toward eating at home highlights changing consumer habits that the company will need to address quickly to regain momentum.