Chipotle shares hit by slowed growth

April 21, 2015 9:28 PM

61 0

Chipotle's (CMG) shares got walloped in after-hours trading Tuesday after the high-flying fast-casual chain reported slower same-store sales growth — though still impressively in the double-digits.

The stock tumbled more than $32 per share after the bell — or about 4.6%. This, even though the company said its first-quarter earnings climbed 48% thanks to strong store traffic despite a boost in menu prices. Revenue increased more than 20% to $1.09 billion.

Read more

To category page