Chipotle Reports Decline in Same-Store Sales, Lowers 2025 Outlook

Chipotle reported first-quarter revenue that missed Wall Street expectations and saw its same-store sales decline by 0.4%, marking the first drop in this metric since 2020. Despite earnings per share slightly beating analyst forecasts, the company’s overall sales were impacted by bad weather and a slowdown in consumer spending. As a result, Chipotle lowered its full-year outlook for comparable sales growth to the low single-digit range. The company also announced plans to open its first location in Mexico by early 2026 and continues to expand its U.S. footprint, with 57 new restaurants opened in the quarter. Investors reacted negatively, sending shares down over 3% in after-hours trading, contributing to a year-to-date decline of about 20%. Digital sales accounted for over a third of revenue, but falling transactions and concerns over tariffs on imported ingredients remain challenges.