/Chipotle%20Mexican%20Grill%20logo%20on%20building%20by-%20John%20Hanson%20Pye%20via%20Shutterstock.jpg)
Fast-casual restaurant giant Chipotle Mexican Grill (CMG) has long been a success story, with customers flocking to its restaurants year after year, with the COVID-19 pandemic being a rare exception. In fact, the chain had posted consecutive year-over-year (YOY) comparable sales gains every quarter since mid-2020. But that streak came to a halt in the first quarter of fiscal 2025, and things took a further hit in the second quarter.
To be fair, Chipotle isn’t the only restaurant stock losing steam. Several top fast-food names have struggled in late 2024 and into 2025, as shaky consumer confidence and economic headwinds have weighed on discretionary spending. For Chipotle, this has translated into a drop in same-store sales in Q2 along with a decrease in foot traffic for the second consecutive quarter. Moreover, the company also trimmed its full-year same-store sales outlook.
