Fast-casual restaurant chain Chipotle Mexican Grill (NYSE: CMG) is seeing its stock price plummet this morning after reporting third-quarter 2025 earnings and a sales forecast that alarmed investors.

As of the time of this writing, CMG shares are down a staggering 19% to $32.21 in premarket trading. Here’s what you need to know about the company’s stock price crash.

What’s happened?

On Wednesday, Chipotle reported its Q3 2025 earnings after the bell. Some of what the company revealed has alarmed investors.

But first, here are the company’s most critical quarterly metrics: • Total revenue: $3 billion (a 7.5% increase) • Comparable restaurant sales: up 0.3% • Operating margin: 15.9% (down 1% point) • Adjusted diluted earnings per share: $0.29 (up 7.4%) • Stores opened: 84

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