Chipotle Mexican estimates 4.8 percent drop in fourth-quarter comparable sales
Chipotle Mexican Grill Inc (CMG.N) said sales at established restaurants likely fell 4.8 percent in the fourth quarter and that costs came in higher than it had previously anticipated. Chipotle’s shares were down 3.2 percent at $381.99 in premarket trading. The company said it incurred higher-than-expected expenses due to higher promotional spending and costs related to television advertising, as it fights to recover from a string of […]