Chipotle tempers annual sales forecast as dining-out takes a hit
The company now expects annual comparable sales growth in the low single-digit range, compared with a prior forecast for a low- to mid-single-digit rise. President Donald Trump's sweeping tariffs on trade partners including Mexico and Canada, as well as an escalating trade war with China, have raised fears of a recession in the U.S. and forced companies to pull back their annual expectations as consumers deal with higher costs of living. While Chipotle has thus far benefited from menu innovation and optimizing kitchen operations, the company could face some impact from import tariffs on goods such as avocados and beef, analysts have noted.
