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$12 Burrito Out of Reach โ Chipotle CEO Says Fewer Young Americans Dining Out Amid Student Loan Burden, Unemployment
Yahoo Financeยท 2025-11-20 16:16
Retail and restaurant chains are starting to feel the impact of persistent inflation, especially as lower-income customers cut back on spending. Burrito chain Chipotle Mexican Grill Inc. (NYSE:CMG) recently saw its stock tumble 19% in a single day after missing third-quarter revenue estimates and cutting its full-year same-store sales forecast. The fast-casual restaurant chain, where an average burrito and bowl costs about $10-$12, is struggling as fewer young Americans dine out due to rising inflation an ...