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Benzinga
Benzinga
Business
Dylan Berman

Chipotle Stock Is Trading Lower Thursday: What's Going On?

Chipotle CMG Nasdaq
San,Francisco,,Ca,,Usa,-,May,1,,2022:,Chipotle,Sign

Chipotle Mexican Grill, Inc. (NASDAQ:CMG) shares are trading lower Thursday after the company reported worse-than-expected second-quarter sales on Wednesday after the market closed.

What To Know: Chipotle reported sales of $3.06 billion, missing the consensus estimate of $3.10 billion, but representing 3% year-over-year climb. In addition, the company reported adjusted earnings per share of 33 cents, inline with the consensus estimate.

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