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Chipotle Stock Nosedives 18% in 24 Hours After Earnings Announcement

The Motley Fool Logo The Motley Fool By Jeremy Bowman
Chipotle Stock Nosedives 18% in 24 Hours After Earnings Announcement

Chipotle reported underwhelming Q3 earnings with minimal sales growth, facing challenges from economic pressures and reduced spending among key 25-35 year old demographic. The stock dropped 18%, marking a 50% decline from its peak in December.

Insights
CMG   negative

Weak Q3 performance with only 0.3% comparable sales growth, declining margins, reduced consumer spending, and management's pessimistic outlook for the next quarters