Chipotle Stock Crashes Over 18% as Sales Outlook Disappoints
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Key highlights: Chipotle stock plunged over 18% after cutting its full-year same-store sales outlook for the third consecutive quarter. Economic pressure and declining traffic, especially among Gen Z and millennial consumers, are weighing on performance. The company plans to boost marketing, digital innovation, and international expansion to recover momentum. Economic headwinds pressure Chipotle’s core customers Trade on Plus500 CFDs are complex instruments with a high risk of losing money due to leverage. 82% of retail investors lose money trading CFDs with this provider. Ensure you understand the risks before trading. Past performance is not indicative of future results. Chipotle Mexican Grill (CMG) saw its stock plummet more than 18% in premarket trading on Thursday, following the release of disappointing third-quarter earnings and a downward revision of its full-year same-store sales outlook. The company now expects same-store sales to decline in the low-single-digit range for 2025, marking the third consecutive quarter it has lowered its sales forecast. $CMG (Chipotle Mexican Grill) #earnings are out: pic.twitter.com/lJ4DSjqtAN — The Earnings Correspondent (@earnings_guy) October 29, 2025 CEO Scott Boatwright attributed the decline to “persistent macroeconomic pressures” impacting consumer behavior, particularly among younger demographics. “A particularly challenged cohort is the 25- to 35-year-old age group,” Boatwright said on the company’s earnings call, citing factors such as rising unemployment, resumed student loan payments, and slower real wage growth. This age group, which represents about 25% of Chipotle’s customer base, has been visiting less frequently, although not switching to competitors. “We’re losing them to grocery and food at home,” Boatwright added. Roughly 40% of Chipotle’s sales come from households earning less than $100,000 annually—a group that has further pulled back spending as inflation and economic uncertainty persist. As a result, foot traffic fell 0.8% in Q3, continuing a trend of quarterly declines. Despite reporting a 7.5% year-over-year…
