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Chipotle shares drop 35% amid ongoing same-store sales declines and cautious outlook

Company Fundamentals
29 Apr 2026
CNBC
View Source
Bearish
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Chipotle Mexican Grill is set to report its first-quarter earnings with analysts expecting earnings per share of 24 cents and revenue of $3.07 billion. The company has faced same-store sales declines in three of the last four quarters, with a projected 0.7% drop this quarter. Chipotle's shares have fallen 35% over the past year, reflecting ongoing challenges. The company forecasts flat same-store sales for 2026, citing unpredictable consumer trends and economic uncertainties, including rising fuel prices due to geopolitical tensions, which may reduce consumer spending.

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