Chipotle’s outlook for the yr casts doubt on a restaurant-industry rebound – Imperial Wire

Shares of Chipotle Mexican Grill Inc. fell sharply after hours on Tuesday, after the fast-casual Mexican restaurant chain’s same-store outlook got here in under expectations, and the corporate outlined steps it plans to take to regain development.

Chipotle

CMG mentioned it expects same-store gross sales to be “about flat” this yr, in contrast with Wall Road’s expectations for a 1.7% achieve.