Chipotle Mexican Grill Q3 comparable sales, revenue miss estimates

Investing.com -- Chipotle Mexican Grill (NYSE:CMG ) fell in afterhours Tuesday after reporting revenue and comparable sales that fell short of Wall Street estimates.

Chipotle (NYSE:CMG) slumped 6% in afterhours trading following the report.

The company reported  adjusted earnings per share of $0.27, above analyst estimates of $0.25. Revenue of $2.79B fell short of analysts' estimates of $2.82B.

Comparable restaurant sales increased 6%, missing expectations of 6.3%.

For 2024, the company reiterated its forecast for comparable restaurant sales growth in the mid- to high-single digits.

The restaurant chain expects to open 315 to 345 restaurants in 2025.

Source: Investing.com