Chipotle Tumbles as Sales Trail Analysts Estimates
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Chipotle Mexican Grill Inc. plunged the most since its initial public offering more than six years ago after reporting second-quarter sales that trailed analysts’ estimates.
Chipotle tumbled 22 percent to $316.98 at the close in New York, for the biggest drop since its IPO in January 2006. Chipotle had advanced 20 percent this year through yesterday.