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Chipotle (CMG) reported fiscal fourth quarter earnings that met analyst expectations for both revenue and profit. However, the company's shares fell as its same-store sales growth outlook fell short of Wall Street projections.
Chipotle CFO Adam Rymer joins "Morning Brief" to discuss the company's earnings results amid ongoing uncertainty surrounding President Donald Trump's trade strategy.
Rymer emphasizes that Chipotle is "keeping a close eye" on Trump's tariff approach, noting potential margin impacts of 60 basis points. Despite this, he notes that Chipotle is not jumping to "react quickly with price" but instead remains "very, very patient" about potential next steps.
"We're going to continue to do what it is that we do: operate great restaurants, really focus on the things that we've got ahead of us," Rymer tells Yahoo Finance. He adds that the company can "absorb these costs for a very long period of time before we decide ... [if] we need to make a change to our business."
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This post was written by Angel Smith