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Chipotle Mexican Grill on Wednesday reported quarterly revenue that fell short of expectations and cut its same-store sales forecast for the third straight quarter.

Shares of the company plunged 13% in extended trading.

Chipotle is expecting its full-year same-store sales to shrink by a low-single digit percentage in fiscal 2025. That's a big change from February, when the burrito chain was projecting same-store sales would grow by a low- to mid-single digit percentage.

CEO Scott Boatwright said the company is seeing "consistent macroeconomic pressures." Traffic fell by 0.8%, the third straight quarter of declines.

After the chain outperformed the broader restaurant industry in 2024, the sluggish consumer

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