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UPDATE 3-Chipotle expects fewer restaurant customers through July, shares fall [Reuters]

CHIPOTLE MEXICAN GRILL (CMG)  More Company Research Source: Reuters
Last chipotle mexican grill earnings: 4/25 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
PDF Chipotle expects fewer restaurant customers through July, shares fall | Reuters 4 Min Read (Reuters) - Chipotle Mexican Grill Inc ( CMG.N ) said on Tuesday the number of visitors to its restaurants fell in the fourth quarter and would continue to decline through the middle of the year, sending shares of the burrito chain down 5 percent. Chipotle has been fighting to lure back old customers and entice new ones to its restaurants since a series of food safety lapses in 2015 that crushed its sales and reputation. Instead, customer traffic fell about 3 percent in the fourth quarter. The purveyor of made-to-order burritos raised prices by roughly 5 percent in 2017, out of step with many national fast-food chains trumpeting low-price “value menu” deals. McDonald’s Corp ( MCD.N ), which has been gaining marketshare, intensified the pressure in January with a new $1, $2, $3 menu. Those price hikes contributed to a slightly better-than-expected rise in fourth-quarter sales at established r [Read more]

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