Chipotle Mexican Grill does not expect a major disruption from President Donald Trump's potential tariffs on Mexico, and said it only sources about half of its avocados from Mexico. If Trump goes ahead with his plans to impose 25% tariffs on imports from Mexico and Canada, in addition to 10% duties on Chinese goods, Chipotle expects to see its cost of sales rise by 60 basis points, or 0.6 percentage points.
CNBC's Courtney Reagan joins 'Closing Bell Overtime' with Chipotle earnings.
Its revenue fell slightly short of estimates, pushing its share price down.
Some analysts said tougher comparisons, harsher weather and holiday timing may have put pressure on the fast-casual chain's recent sales.
Chipotle Mexican Grill's stock has climbed 17% over the past year. The burrito chain announced Scott Boatwright as its permanent CEO in November.
Chipotle Mexican Grill, Inc. CMG will release its fourth-quarter financial results, after the closing bell, on Tuesday, Feb. 4, 2025.
The stock of Chipotle Mexican Grill (CMG -0.02%) closed at its all-time high of $68.55 on June 18, 2024. At the time, investors were dazzled by the fast-casual restaurant chain's robust growth in comparable-store sales (comps), resilient margins, and clear expansion plans.
Chipotle (CMG) possesses solid growth attributes, which could help it handily outperform the market.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Warren Buffett is certainly familiar with the restaurant industry. Berkshire Hathaway , the conglomerate he has been running for decades, owns Dairy Queen.
It's been seven months since Chipotle Mexican Grill (NYSE:CMG) effected one of the largest stock splits in the history of the NYSE, splitting shares by 50-to-1.
About 25% of the companies in the S&P 500 have so far reported their earnings for the December quarter. Collectively, they've recorded a 31% annualized increase in earnings.