💥 BREAKING: Chipotle ($CMG) falls 11% after sharp drop in restaurant traffic
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Shares of Chipotle ($CMG) dropped nearly 11% following earnings, after the company reported another significant decline in restaurant traffic.
Falling customer visits are raising concerns about consumer spending pressure, particularly as inflation and higher costs continue to weigh on discretionary demand.
Restaurant traffic trends are closely watched as a real-time indicator of broader economic health, making this report relevant beyond just the stock itself.
Near-term price action may remain sensitive to updated guidance and macro data tied to consumer demand.
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