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Stock impact report

Chipotle is seeing a 'slowdown' in consumer spending as 2025 gets off to a rough start [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: MSNBC.com
Chipotle Mexican GrillExecutives cited both a slowdown in consumer spending and adverse weather as two of the factors that dampened demand for its burritos and bowls.The company also lowered the top end of its outlook for full-year same-store sales growth.Chipotle shares fell more than 2% in extended trading. The stock closed up 3.5% earlier on Wednesday.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Net sales rose 6.4% to $2.88 billion.The chain's same-store sales fell 0.4% during the quarter, short of the 1.7% growth projected by StreetAccount estimates. Restaurant transactions fell 2.3% and were only partially offset by a 1.9% increase in average check.Customers started pulling back their spending in February because of economic uncertainty, CEO Scott Boatwright told analysts on the company's conference call."We could see this in our visitation study, where saving money because of concerns around the economy was Show less Read more
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