Chipotle Stock Slides After Q3 Revenues Miss Estimates: Details
1. Chipotle missed revenue estimates, reporting $3 billion instead of $3.02 billion. 2. Earnings per share met expectations at $0.29, showing slight year-over-year growth. 3. Operating margins decreased from 16.9% to 15.9%, signaling cost pressures. 4. Comparable restaurant sales rose only 0.3%, indicating weak consumer demand. 5. Company opened 84 new locations, showing ongoing expansion despite challenges.