Daily Market Updates: Chipotle lifts same-store sales outlook after cyclospora-related concerns

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Chipotle lifts same-store sales outlook after cyclospora-related concerns

The company said fears about cyclospora illness weighed on sales in late July, even as it raised its same-store sales forecast.

Reported · Written up by our desk · Previews

Chipotle Mexican Grill said it has increased its same-store sales forecast, attributing earlier sales pressure in late July to customer concerns about cyclospora.

CNBC Markets reports the stock has fallen more than 7% this year, putting the company’s market value at roughly $44 billion.

The update reflects Chipotle’s effort to look past that late-July demand disruption while resetting expectations for same-store performance going forward.

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Sources

CNBC MarketsChipotle hikes same-store sales forecast, says cyclospora fears hit sales in late July

CNBC EarningsChipotle hikes same-store sales forecast, says cyclospora fears hit sales in late July

Earnings

Chipotle lifts same-store sales outlook after cyclospora-related concerns

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