Chipotle Mexican Grill Stock Falls 53% Since Its 50-for-1 Stock Split Amid Weakening Sales and Leadership Changes
Since its 50-for-1 stock split in June 2024, Chipotle's share price has dropped by over half due to declining revenue growth, rising costs, and leadership uncertainty. The company reported slowing sales performance, reduced restaurant-level margins, and a significant drop in quarterly earnings.
Tickers: $CMG
Topics: Chipotle Mexican Grill leadership change margin pressure revenue decline