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News  ›  The Motley Fool

Here's Why Chipotle Stock Just Crashed 21% in Less Than a Week

The Motley Fool Logo The Motley Fool By Keith Noonan
Here's Why Chipotle Stock Just Crashed 21% in Less Than a Week

Chipotle reported disappointing Q3 results with minimal same-store sales growth, declining customer traffic, and reduced annual sales forecasts, leading to a significant stock price drop.

Insights
RINIY   positive

Positioned as a key player in a market experiencing technological advancements and government support


CMG   negative

Stock dropped 21.2% after reporting weak Q3 performance, with only 0.3% same-store sales growth, declining customer traffic, and reduced annual sales projections. CEO noted significant spending drop-offs in the 25-to-35 age demographic due to economic pressures.