Chipotle Mexican Grill reported lower-than-expected quarterly revenue on Wednesday, marking the first decline in same-store sales since 2020. The company attributed the shortfall to a slowdown in consumer spending and adverse weather conditions. Additionally, Chipotle revised its full-year same-store sales growth forecast downward. Despite these challenges, the company’s earnings per share came in slightly ahead of expectations at 29 cents, compared to the 28 cents projected by analysts surveyed by LSEG. Revenue, however, fell short at $2.88 billion versus the anticipated $2.95 billion.
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