Chipotle Mexican Grill, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
The complaint alleges that during the class period, Chipotle’s executives failed to disclose that the company’s portion sizes were inconsistent, which led to significant customer dissatisfaction. To address this issue and retain customer loyalty, the company would need to provide more generous portions, which would in turn increase the cost of sales.
According to the complaint, on July 24, 2024, during its Q2 2024 earnings call, Chipotle admitted that inconsistent portion sizes had caused customer dissatisfaction. The company acknowledged that addressing the issue would require an investment in larger portions to ensure that customers received “a generous amount of delicious, fresh food at fair prices for every customer, every visit.” Chipotle also disclosed that these changes would result in higher costs of sales in Q3 2024. Then, on October 29, 2024, during its Q3 2024 earnings call, Chipotle confirmed that its cost of sales had increased compared to the previous year, partially due to these efforts to improve portion consistency.
