Chipotle Stock Tanks 15% After Chain Lowers Sales Forecast Again
1. Chipotle's stock dropped 15% after lowering its sales forecast. 2. The company faces persistent macroeconomic pressures affecting low-income customers. 3. Revenue fell short of Wall Street expectations at $3 billion. 4. 40% of sales come from households earning $100,000 or less. 5. Young consumers are struggling with unemployment and slow wage growth.