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Chipotle Mexican Grill
on Tuesday reported quarterly earnings and revenue that topped analysts' expectations, although traffic to its restaurants fell for the fourth straight quarter.
For 2026, the company is projecting flat same-store sales growth, signaling that the burrito chain's woes are not expected to disappear quickly. Chipotle ended a bumpy 2025 with a full-year same-store sales decline of 1.7%, marking the first annual decline since 2016.
However, executives said the outlook is "conservative," citing unpredictable consumer trends. Last year, the company cut its full-year forecast for same-store sales three times as dining habits shifted from quarter to quarter.
