Chipotle Mexican Grill's NYSE: CMG share price plunged by more than 10% following its fiscal Q2 release, opening what can only be called a smoking hot entry point. The price plunge was sparked by weak comparable store sales, a problem to be sure, but one tied to macroeconomic conditions and a consumer pullback, rather than fundamental operating conditions.
Investors are souring on Chipotle. We don't mean its sour cream.
CMG beats Q2 EPS estimates as new units and digital sales boost revenues. However, comps fall and outlook dims on weak demand.
Chipotle Mexican Grill Inc (NYSE:CMG) stock is down 12.1% to trade at $46.41 at last glance, after the restaurant chain missed second-quarter revenue expectations and cut its annual sales forecast.
Stock futures are mixed in premarket trading as investors digest big Tech earnings from last night and watch for more.
Hard to swallow. That seems to be the three-word summary of the latest update from Chipotle Mexican Grill Inc (NYSE:CMG), which has been forced to contend with wavering consumer demand and rising economic pressure on diners.
Chipotle Mexican Grill, Inc. (NYSE:CMG ) Q2 2025 Earnings Conference Call July 23, 2025 4:30 PM ET Company Participants Cynthia Olsen - Head of Investor Relations & Strategy Scott Boatwright - CEO & Director Adam Rymer - Chief Financial Officer Conference Call Participants David Palmer - Evercore ISI Institutional Equities, Research Division Dennis Geiger - UBS Investment Bank, Research Division Sara Senatore - BofA Securities, Research Division David Tarantino - Robert W. Baird & Co. Incorporated, Research Division Christopher O'Cull - Stifel, Nicolaus & Company, Incorporated, Research Division Danilo Gargiulo - Sanford C.
The headline numbers for Chipotle (CMG) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Chipotle Mexican Grill (CMG) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.34 per share a year ago.
Shares of Chipotle Mexican Grill (CMG) dropped late Wednesday after the burrito-and-bowl chain scaled back its same-store sales outlook, again.
Shares of Chipotle Mexican Grill Inc. are down more than 9% in extended trading after the company's same-restaurant sales declined in the second quarter by more than Wall Street was expecting. The fast-casual Mexican restaurant chain also lowered its full-year outlook.
Chipotle's same-store sales are expected to fall for its second consecutive quarter. Economic uncertainty has led many Chipotle customers to pull back their spending and focus on saving their money, CEO Scott Boatwright said in April.