Chipotle Mexican Grill down after slashing annual sales forecast

Shares of Chipotle Mexican Grill CMG.N down 2% at $47.75 after the bell

Burrito chain lowers its annual comparable sales growth forecast as President Donald Trump's tariffs raise supply chain costs and hurts consumer spending on eating out

Expects annual comparable sales growth in the low single-digit range, compared with a prior forecast for a low- to mid-single-digit rise

"In February, we began to see that elevated level of uncertainty felt by consumers" - CEO Scott Boatwright on a post-earnings call

So far this year, stock down 19% as of last close