BREAKINGVIEWS-The K-shaped economy is claiming corporate victims
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Chipotle Mexican Grill has cut its annual sales forecast for the third time this year, citing pressure on consumer spending for dining out, particularly affecting younger Americans. The company anticipates a decline in comparable restaurant sales for 2025, leading to an $8 billion loss in market value and a 17% drop in shares during midday trading in New York. This reflects a broader trend of a K-shaped economy, where wealthier consumers are driving spending while younger demographics struggle.
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