Chipotle Mexican Grill Stock News

Chipotle—one of the original and most influential fast-casual spots in the country—just hit a major milestone. In 2024, they opened 304 new restaurants, marking the highest number of openings in a single year in their franchise history, according to a Tuesday earnings call.

Shares of Chipotle Mexican Grill (CMG) slipped Wednesday, a day after the Mexican fast-casual restaurant chain missed revenue estimates as it tried to address investor concerns about possible tariffs on imports from Mexico.

Consumers are willing to pay higher prices at fast-casual restaurants if they get good portions, quality ingredients and value for the money, Chipotle executives said Tuesday (Feb. 4). Reporting the company's results for the fourth quarter, executives said Chipotle's food, beverage and packaging costs rose to 30.

Chipotle Mexican Grill, Inc. (NYSE:CMG ) Q4 2024 Earnings Conference Call February 4, 2024 4:30 PM ET Corporate Participants Cindy Olsen - Head of Investor Relations and Strategy Scott Boatwright - Chief Executive Officer Adam Rymer - Chief Financial Officer Conference Call Participants Sara Senatore - Bank of America David Tarantino - Baird David Palmer - Evercore ISI Lauren Silberman - Deutsc...

Chipotle has found new sources of avocados for its guacamole over the last two years. But the chain could still take a hit if President Donald Trump adds tariffs to Mexican imports.

Chipotle Mexican Grill does not expect a major disruption from President Donald Trump's potential tariffs on Mexico, and said it only sources about half of its avocados from Mexico. If Trump goes ahead with his plans to impose 25% tariffs on imports from Mexico and Canada, in addition to 10% duties on Chinese goods, Chipotle expects to see its cost of sales rise by 60 basis points, or 0.6 perce...

Its revenue fell slightly short of estimates, pushing its share price down.

Some analysts said tougher comparisons, harsher weather and holiday timing may have put pressure on the fast-casual chain's recent sales.