Chipotle Lowers Revenue Forecast as Consumer Spending Slows
1. Chipotle's Q1 revenue missed expectations at $2.88 billion. 2. Comparable sales declined 0.4%, below analyst forecasts. 3. Full-year sales outlook lowered to low-single digits growth. 4. CEO cited weather and consumer spending slowdowns as headwinds. 5. Plans to open first location in Mexico by 2026.