Good news for Chipotle: Customers have come back following the chain’s E.coli nightmare a few years ago. Bad news for Chipotle: Higher marketing costs and surging avocado prices may eat into its profits.
Shares of Chipotle (CMG) tumbled 6% Tuesday — making it the worst performer in the S&P 500 — after it said in a regulatory filing that operating costs in the second quarter would be higher than originally expected and potentially up from the first quarter as well.
Source: cnn
No holy guacamole: Chipotle sinks on weak outlook