Chipotle Lowers 2025 Sales Outlook After Traffic Drop

Chipotle reported mixed Q3 results: revenue of about $3.0 billion missed estimates while adjusted EPS of $0.29 met expectations. Comparable-restaurant traffic was soft, down roughly 1%, and management cut its full-year 2025 comparable-sales forecast for the third time, now expecting a low-single-digit decline. Rising labor and protein costs pressured margins. The company repurchased $686.5 million of stock, reiterated plans to open 315–345 new restaurants in 2025 (with more than 80% featuring Chipotlanes), and said digital sales account for roughly 36.7% of revenue. Shares fell over multiple sessions as investors digested the profit/margin squeeze and weaker sales, though Wall Street’s consensus remains mostly positive with a median 12‑month price target materially above the recent close. Analysts and market commentators flagged execution and service issues and suggested the miss may reflect broader consumer weakness with wider market implications.