Chipotle Mexican Grill reported weaker-than-expected revenue in the first quarter as same-store sales declined, missing StreetAccount estimates, according to CNBC. Executives cited economic uncertainty and delayed “burrito season” demand, exacerbated by bad weather and a drop in foot traffic. Revenue came in below forecasts at $2.88 billion, while adjusted EPS hit 29 cents, beating forecasts by a penny. The company lowered its full-year same-store sales growth forecast to the low single digits and warned of higher second-quarter costs from tariffs on aluminum and avocado imports. Shares fell over 2% after hours following a 3.5% gain during regular trading.
