Chipotle Drops 12% After Third Sales Forecast Cut — Has the Burrito Boom Peaked?

Implied Podcast by Implied Podcast™

Episode notes

Chipotle’s red-hot growth just cooled off fast. The stock plunged double digits after the company slashed its full-year forecast for the third time this year. Even higher-income customers are cutting back, same-store sales are barely up, and inflation’s squeezing margins.