Chipotle (CMG) Reports Mixed Earnings and Weak 2015 Outlook
Shares of Chipotle (CMG) are under pressure in extended trading Tuesday, following its mixed fourth quarter earnings results after the closing bell.
Shares of Chipotle (CMG) are under pressure in extended trading Tuesday, following its mixed fourth quarter earnings results after the closing bell. The Mexican food chain posted a profit topping analysts' forecasts, but revenue for the quarter missed analysts' expectations. Chipotle also missed two key metrics including same store sales and restaurant margins. The Denver, CO-based company says it now expects low to mid-single digit sales growth in 2015. The burrito maker added that higher prices of beef, avocado and dairy cut into its earnings figures. TheStreet's Kurumi Fukushima reports from New York.









