首席执行官斯科特.博特赖特(Scott Boatwright)在财报中提到，该连锁品牌持续面临"持续的宏观经济压 力"。他在分析师电话会议中进一步解释，公司的客群中"年轻消费者占比略高"，而这一群体正承受尤 为明显的压力。 "25至35岁年龄段的客群面临的挑战尤为突出，"博特赖特表示，"该群体正遭遇多重困境，包括失业率 上升、贷款还款压力增加及实际工资增速放缓。"今年8月，美国20-24岁人群失业率达9.2%，高于去年 同期的7.9%。 墨西哥风味快餐连锁品牌Chipotle(CMG.US)于美东时间周三发布第三财季报告，此次已是连续第三个季 度下调全年销售额预期，目前公司仍在应对客流量下滑及核心客群面临的经济压力。 数据显示，Chipotle第三季度总营收为30亿美元，低于30.2亿美元的市场预期。调整后每股收益为0.29美 元，与华尔街预期持平。 数字销售额占餐饮总营收的36.7%。同店销售额增长0.3%，低于1%的预期。本季度菜单涨价及客单价提 升，抵消了客流量下降带来的部分影响。 该公司在第三季度财报中表示，目前预计今年同店销售额将出现低个位数百分比下滑。华尔街此前预计 其今年同店销售额下滑0.7%， ...

Core Viewpoint - Chipotle Mexican Grill, Inc. is experiencing a decline in stock price ahead of its first-quarter earnings report, despite announcing its first expansion into Mexico, which may indicate a broader international strategy [1]. Financial Performance Expectations - Analysts anticipate Chipotle will report earnings of 28 cents per share on revenue of $2.93 billion, reflecting year-over-year increases of 3.7% and 8.5% respectively [2]. - The stock has a history of mixed earnings reactions, averaging a 6.6% move in either direction over the past eight quarters, with the options market indicating a potential next-day swing of 11.7% [2]. Stock Performance Trends - Chipotle's stock has been in a downtrend for most of 2025, with a year-to-date decline of 24.9% and a 12-month decline of 20.6% [3]. - Recent attempts to rally have been consistently rejected at the 40-day moving average, indicating ongoing bearish sentiment [3]. Analyst Ratings and Price Targets - BofA Global Research has reduced its price target for Chipotle to $64 from $71, which still represents a 40% premium to current stock levels [6]. - The average 12-month price objective for the stock stands at $63, suggesting potential for further downward revisions [6]. Volatility Assessment - The stock's Schaeffer's Volatility Scorecard (SVS) is at 25 out of 100, indicating that it has underperformed relative to the volatility expectations priced into its options [7].