Movement Alert｜Chipotle Mexican Grill Falls 5.08% in Regular Trading, Market Focuses on Food Safety Overhang Ahead of Earnings

Market Focus10-21

On October 21, Chipotle Mexican Grill fell 5.08% in Regular Trading, trading at $28.17 per share, with turnover of $173 million.

The move came as investors reassessed how recent food safety incidents may have constrained third-quarter sales recovery ahead of the company’s October 28 earnings report.

Market expectations currently call for quarterly revenue of $3.283 billion, up 8.52% year over year, adjusted EPS of $0.29, up 1.58%, and EBIT of $483 million, down 3.89%. Earlier company commentary and analyst notes indicated third-quarter same-store sales recovery was being offset by about 200 basis points of pressure from the Cyclospora outbreak and an additional roughly 100 basis points from the jalapeno-related salmonella incident, even as heavier promotional activity supported demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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