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Chipotle CEO warns 'the consumer is sitting on the sideline' after chain reports decline
According to Fortune, Chipotle CEO Scott Boatwright pointed to cautious consumers when speaking to investors after the chain ...
MEAT+POULTRY1h
Decreased consumer spending threatens Chipotle’s bottom line
NEWPORT BEACH, CALIF. — Despite an increase in first-quarter revenue compared to the same period last year, Chipotle Mexican Grill has seen a drop in comparable sales at its restaurants, which the ...
Chipotle CEO plans major change customers will cheer
In addition to facing customers' alleged reduced portion size scandal, Chipotle encounters another challenge. The burrito ...
Chipotle CEO warns ‘the consumer is sitting on the sideline,’ leading to the chain’s first same-store sales decline since 2020
For the first time since 2020, Chipotle saw a decrease in quarterly same-store sales. CEO Scott Boatwright pointed to ...
Restaurant Business Online4d
Chipotle on sales downturn: It's not us. It's them
The slowdown in consumer spending is to blame for negative same-store sales in the first quarter for the fast-casual chain.
Chipotle CEO says chain has no plans to raise prices amid consumer pullback
In an interview with Yahoo Finance, CEO Scott Boatwright said it does not plan to raise prices "anytime in the near future" ...
Chipotle is seeing a ‘slowdown' in consumer spending as 2025 gets off to a rough start
The spring months typically kick off what Chipotle calls "burrito season" — the busiest time of the year for the chain, from ...
Big brands are officially worried about American shoppers
Makers of our food and home essentials, including Pepsi and Procter & Gamble, are cutting their financial forecasts for the ...
Restaurant Business Online5d
Chipotle same-store sales turn negative for first time since 2020
It was a tough first quarter for the fast-casual chain, which was blamed on slower consumer spending. CEO Scott Boatwright ...