Chipotle is blaming TV ads and guacamole for its rough fourth quarter (CMG)

Chipotle on Tuesday released preliminary results for fourth-quarter earnings and sales that were weaker than analysts expected, after expenses ran higher than the company had anticipated. 

The fast-food chain said it anticipates fourth-quarter earnings per share (EPS) in a range of $0.50 to $0.58, below the consensus estimate of $0.96 according to Bloomberg. Comparable-store sales — which track restaurants open for at least one year, are estimated to fall 4.8%, worse than the decline by 3.7% that analysts forecast. 

Chipotle said its expenses were higher than expected during the quarter after it increased spending on promotions...
10 Published By - Business Insider - 2017.01.10. 13:42
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