Chipotle Mexican Grill forecast annual comparable sales below Wall Street estimates on Tuesday, as budget-conscious consumers have increasingly pulled back spending on dining out amid ongoing economic uncertainty.

Shares of the company were down about 8% after the bell.

Chipotle now expects fiscal 2026 same-store sales to be about flat, compared with analysts’ estimate of a 1.86% rise, according to data compiled by LSEG.

However, its quarterly sales rose 4.9% to $3 billion from a year ago. Analysts on average expected a 4.2% increase to $2.96 billion, according to data compiled by LSEG.

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(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Pooja Desai)