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0.000642838776034934 0.000642838776034934 0.00154281306248399 0.0071997942915917 0.0118282334790435 -0.00565698122910771 0.000514271020828057 0.0064283877603497
Stock impact report

Chipotle, Mondelez shares slide as weak demand, rising costs hurt sales view [BNN Bloomberg (Canada)]

Chipotle Mexican Grill, Inc. (CMG) 
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
Company Research Source: BNN Bloomberg
dour annual sales forecasts from the companies raised worries over weak consumer demand and rising input costs. Lower-income households have cut back discretionary spending as they contend with higher prices, delays in food stamp benefits and a cooling labor market. Several large consumer goods companies such as P&G Coca-Cola and PepsiCo have lowered entry price points to help retain budget-sensitive shoppers. Soaring beef costs weight on Chipotle Chipotle, whose burrito bowls start at around US$10.45, plans to raise menu prices by one per cent to two per cent this year and expects flat same-store sales in 2026 as it tries to cushion the impact of surging beef costs, its largest commodity expense. “The top-line guide was a disappointment and we think also speaks to the idea that underlying restaurant industry demand has not gotten better, at least not yet,” Piper Sandler analysts said. Chipotle warned in October that consumer spending would remain pressured through early 2 Show less Read more
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