scott boatwright chipotle

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Chipotle warns on consumer spending slowdown

Chipotle CEO warns 'the consumer is sitting on the sideline' after chain reports decline

According to Fortune, Chipotle CEO Scott Boatwright pointed to cautious consumers when speaking to investors after the chain saw a dip in sales and lower-than-expected quarterly revenues. The publication reported that Chipotle reported a 6.4% boost in quarterly revenues to $2.44 billion, falling short of an expected $2.95 billion.

Fortune on MSN · 4d

Chipotle CEO warns ‘the consumer is sitting on the sideline,’ leading to the chain’s first same-store sales decline since 2020

For the first time since 2020, Chipotle saw a decrease in quarterly same-store sales. CEO Scott Boatwright pointed to cautious consumers and a spending slowdown as the primary culprits for a sales dip and lower-than-expected quarterly revenues.

Seeking Alpha · 4d

Restaurant check: Chipotle warns on consumer spending slowdown

Chipotle (NYSE:CMG) fell in early trading on Thursday after warning that it sees a slowdown in consumer spending. CEO Scott Boatwright noted that a visitation study indicated that concerns around the economy was the overwhelming reason consumers were reducing the frequency of restaurant visits,

Have Investors Lost Their Appetite for Chipotle Stock?

Given Chipotle's (NYSE: CMG) recent stock performance, one has to wonder if it's still reeling from the sudden departure of ...

10hon MSN

Chipotle CEO plans major change customers will cheer

However, the fast food chain's CEO has found a solution to this new challenge, claiming it can be fixed with a simple smile.

Food Business News8h

Consumer uncertainty impacting Chipotle’s bottom line

NEWPORT BEACH, CALIF. — Despite an increase in first-quarter revenue compared to the same period last year, Chipotle Mexican Grill has seen a drop in comparable sales at its restaurants, which the ...

QSR magazine3d

Despite Dip in Sales, Chipotle CEO Says Brand ‘Has Never Been Stronger’

Chipotle’s same-store sales turned negative for the first time since 2020, and economic uncertainty is the primary culprit. A ...

Chipotle Mexican Grill: In The Early Stages Of A Decades-Long Growth Story

Chipotle continued its strong performance in 2024. How is the CMG story going to unfold from here? Click here to find out.

Restaurant Business Online4d

Chipotle on sales downturn: It's not us. It's them

The slowdown in consumer spending is to blame for negative same-store sales in the first quarter for the fast-casual chain.

Chipotle is 'not for the faint-hearted' investor as it misses on sales growth, cuts guidance: Analyst

In an interview with Yahoo Finance (video above), CEO Scott Boatwright said Chipotle's recent customer study found that ...

Chipotle is seeing a ‘slowdown' in consumer spending as 2025 gets off to a rough start

The spring months typically kick off what Chipotle calls "burrito season" — the busiest time of the year for the chain, from ...

Restaurant Business Online4d

Chipotle same-store sales turn negative for first time since 2020

It was a tough first quarter for the fast-casual chain, which was blamed on slower consumer spending. CEO Scott Boatwright ...

Chipotle Takes a Run at Mexico

Chipotle Mexican Grill bills itself as Mexican-inspired, and is about to test how its interpretation goes down in the home ...

Chipotle wants its workers to smile for customers

The restaurant chain plans to improve CX through friendliness. “The fact is smiles down the line don't slow us down,” CEO ...

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