Tue, 04 Feb 2025

Chipotle earnings beat estimates, but stock falls on weak same-store sales forecast

Chipotle earnings beat estimates as restaurant traffic rises again.

* Net sales climbed 13.1% to $2.85 billion
* Same-store sales rose 5.4%, missing estimates of 5.7%
* Transactions increased 4% in the quarter
* Chipotle expects same-store sales growth of low-to-mid single digits for 2025, below analysts' expectations of 5.4%
* The company's expansion into new markets and introduction of new menu items, such as Smoked Brisket, have been successful
* Chipotle opened 120 restaurants during the quarter and plans to open between 315-345 locations in 2025
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