"Chipotle Mexican Grill reported a 4 percent drop in same-store sales, marking one of the worst quarterly declines since the COVID shutdown in 2020."
"Growth is softening, with predictions that economic growth will slow down to around 1.5% this year from 2.5% in 2024, largely due to tariffs."
Chipotle Mexican Grill's recent quarterly earnings report shows a 4% drop in same-store sales, the worst decline since the COVID shutdown in 2020. This raises concerns about consumer spending and the overall economic outlook. Goldman Sachs and KPMG economists are predicting a slowdown in growth to about 1.5% this year, down from 2.5% in 2024, primarily due to tariff impacts. Despite no significant increase in the overall consumer inflation rate yet, businesses are preparing for higher costs as inventory levels decrease.
Read at www.mercurynews.com
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