Chipotle gains as sales forecast raise overshadows cyclosporiasis outbreak concerns

Chipotle Mexican Grill

30/07/2026 09:52

      ** Shares of burrito chain Chipotle Mexican Grill CMG.N rise 4.64% to $35.83 premarket
** Co raised its annual sales forecast on Wednesday but said Q3 could be its toughest after a late-July cyclosporiasis outbreak hurt consumer confidence
** Co expects fiscal 2026 comparable restaurant sales growth in the low-single digits percentage, up from its previous forecast of roughly flat growth
     ** Co posted an adjusted profit of 33 cents per share, ahead of analysts' estimate of 32 cents
** Jefferies says trends improved through the quarter before easing recently on Cyclospora concerns, but Chipotle remains on track to achieve its raised low single-digit same-store sales growth target
** 27 of 37 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $44 - LSEG-compiled data
** Up to last day's close, stock down ~7.5% YTD

 (Reporting by Kanishka Ajmera in Bengaluru)
 ((mail to: Kanishka.Ajmera@thomsonreuters.com))