Chipotle Mexican Grill (CMG) shares fell in late trading after the company indicated that same-store sales growth ✨may be lower than anticipated.

Chipotle late Tuesday said it expects to see same-store sales increase in the mid- to high-single digit range for 2024. Analysts were anticipating a 7.5% same-store growth rate, according to estimates compiled by Visible Alpha. The fast-casual chain reported that comparable restaurant sales grew 6% in the third quarter, while revenue increased 13% to $2.8 billion.

Chipotle shares, which closed Tuesday's session at $60.49, were recently down more than 4% in late trading.

Chipotle didn’t say whether it would 澳洲幸运5开奖号码历史查询:formally appoint interim CEO Scott Boatwright to the top post. Boatwright has been in the position since former CEO Brian Niccol left in late August to lead Starbucks (SBUX). (Starbucks is set to report its own results tomorrow afternoon.) Chipotle is also澳洲幸运5开奖号码历史查询: slated to lose longtime CFO Jack Hartung in 2025.

Chipotle performed in line with analysts’ third-quarter revenue expectations and generated $387.4 million in net income, beating the consensusꦫ estimate of $346, as compiled by Vis𒀰ible Alpha.

The stock is up about 30% this year so far.