(Reuters) - Chipotle Mexican Grill Inc missed estimates for quarterly sales on Tuesday in a sign that decades-high inflation kept people from spending on the restaurant's burritos and rice bowls.
Comparable sales at the California-based chain rose 10.1% in the second quarter ended June 30, compared with analysts' average estimate for a 10.9% rise, according to Refinitiv IBES.
(Reporting by Deborah Sophia in Bengaluru and Hilary Russ in New York; Editing by Devika Syamnath)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 57.53 USD | +1.63% | -0.53% | 77.75B | ||
| 14.7 USD | -24.83% | -13.23% | - | ||
