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Chipotle CEO warns ‘the consumer is sitting on the sideline,’ leading to the chain’s first same-store sales decline since 2020

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For the first time since 2020, Chipotle saw a decrease in quarterly same-store sales. CEO Scott Boatwright pointed to cautious consumers and a spending slowdown as the primary culprits for a sales dip and lower-than-expected quarterly revenues. Boatwright has previously said Chipotle would not…

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