Chipotle expects 4Q same-store sales to fall 4.8 percent
Chipotle Mexican Grill Inc. said Tuesday that it expects same-store sales to fall 4.8 percent in the fourth quarter, its best result in five quarters, as the Denver-based fast-casual operator starts to move past a 2015 food-safety crisis.
Chipotle released preliminary fourth-quarter results ahead of its presentation Tuesday at the ICR Conference in Orlando, Fla. The company will release full fourth-quarter and fiscal 2016 results on Feb. 2.
Same-store sales have dramatically improved during the quarter so far, as Chipotle began to lap months when results plunged after it revealed an E. coli outbreak in October 2015.
Same-store sales fell