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CORRECTED-BUZZ-Chipotle falls after tepid sales forecast, flags likely tariffs hit

ReutersFeb 5, 2025 10:30 AM

Corrects to 60 bps from 50 bps in third bullet and to 36 analysts from 26 analysts in fifth bullet

Chipotle Mexican Grill CMG.N falls 6.1% to $55.45 premarket

Burrito chain owner expects FY comparable sales growth in low- to mid-single digit pct range vs estimates of 5.2% growth, per LSEG data

Co, which imports about half of its avocados from Mexico, sees a roughly 60 bps jump in raw material costs if US tariffs go ahead

Jefferies says tariff headwinds appear to be moderate on margins; visibility is limited despite improvement opportunities in H2

At least three brokerages lower PT on stock; median PT of 36 analysts is $68 and avg rating is "buy" - LSEG data

Stock gained about 32% in 2024 and is down slightly so far in 2025

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