Chipotle Mexican Grill exceeded analysts’ earnings expectations with a 13.1% rise in net sales to $2.85 billion, driven by a 5.4% increase in same-store sales.

However, the company disappointed investors with a lower-than-expected sales forecast for 2025, citing weaker traffic in January and challenges from weather events like wildfires.

Despite a strong performance in 2024, Chipotle anticipates modest same-store sales growth for 2025, with a forecast of low to mid-single-digit gains.

The company also expects tariffs on Canadian and Mexican imports to raise its costs, CNBC has reported.

Chipotle plans to open 315 to 345 new locations this year, including more international sites.

Written by B.C. Begley