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Shares of Chipotle (CMG) shed 10.7% in premarket trading after the company estimated its Q4...

  • Wednesday, January 16, 7:55 AM ET
    Shares of Chipotle (CMG) shed 10.7% in premarket trading after the company estimated its Q4 profit would fall well-below the estimate of analysts. Analysts think Chipotle's warning on food costs could cut a wide swath across the quick-service restaurant sector with the introduction of more dollar value menus making price hikes trickier.
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    I'm a retired income investor who founded and ran my electronic distribution business. It was a fitting climax to my career beginning in the Army Signal Corps World War II. Chipotle is overpriced. I can walk around the corner and buy equivalents from Taco Bell for half the price. The decor may be less glamourous.
    17 Jan, 10:23 PM Reply Like
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