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Fly News Breaks for October 19, 2016
CMG
Oct 19, 2016 | 09:38 EDT
Cleveland Research said Chipotle's Q3 comps appear to be trending below consensus given tough competition, sluggish end market demand, and underwhelming lift from the loyalty programs. The firm remains cautious on a near-term recovery given the slow progress so far this year, lack of a clear turnaround strategy, reliance on promotions, and continued end market pressures.
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