Chipotle sales slump as recession fears hit burrito chain: ‘Consumers were saving money'
1. Chipotle lowers annual sales growth forecast due to economic uncertainty. 2. Shares fell 3% after hours following the announcement. 3. Inflationary pressures and tariffs raise costs for key ingredients. 4. Comparable restaurant sales dropped 0.4%, missing revenue expectations. 5. Operating margin decreased to 26.2%, signaling potential profitability issues.