Chipotle Mexican Grill shares have fallen 54% from their peak reached in June 2024, as of June 17, pressured by a leadership change and weakening same-store sales. In the first, second, and fourth quarters of 2025, Chipotle reported declining year-over-year same-store sales, with the full-year figure down 1.7%. The company surprised investors in the first quarter of 2026 with a 0.5% same-store sales gain, beating expectations of a 0.7% drop. Chipotle opened 334 net new company-operated locations in 2025 and plans to open 340 to 355 in 2026, aiming for 7,000 North American restaurants long term. The stock now trades at a price-to-earnings ratio of 29.2, near its cheapest in five years.
Chipotle Mexican Grill IncDeclining same-store sales in multiple quarters and a 1.7% full-year drop indicate weakening customer demand.
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