Chipotle cut its forecast for same-store sales growth for the full year after its quarterly revenue fell short of estimates. The burrito chain’s traffic fell 4.9% in the second quarter. The company’s earnings were in line with expectations. A Chipotle restaurant in San Francisco on Jan. 31, 2025. David Paul Morris | Bloomberg | Getty Images
Chipotle Mexican Grill on Wednesday cut its forecast for same-store sales growth this year after traffic declined for a second straight quarter.
The burrito chain now anticipates flat same-store sales growth for 2025, down from its prior projection of a low-single digit percentage increase. Chipotle trimmed its same-store sales outlook for the second consecutive quarter.
But the company said that sales trends are turning around. Starting in June, customers have been returning to Chipotle restaurants, thanks to its summer promotions and the launch of its Adobo Ranch dip, CEO