Shares of Chipotle Mexican Grill (CMG) slipped Wednesday, a day after the Mexican fast-casual restaurant chain missed revenue estimates as it tried to address investor concerns about possible tariffs on imports from Mexico.

Chipotle reported fourth-quarter revenue rose 13% to $2.85 billion, a tick below Visible Alpha estimates. Comparable restaurant sales growth of 5.4% was also less than expected. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) came in at $0.25, in line with forecasts.

The company explained that the revenue ga♏ins came through the addition of 119 new restaurants, helping increase transactions by 4.0%. Chipotle also had a 1.4% rise in average check.

Chipotle sees full-year comparable restaurant sales to be in the low- to mid-single-digi📖t range, while the Visible Alpha estimate was for 3.76%.

CFO Says Tariffs Would Have 60-Basis-Point�ꦦ� Impact on Cost of Sales

CFO Adam Rymer said on the earnings call that the company anticipates 2025 cost of sales "to be in the high 29% range" because of higher prices for food, especially avocados and chicken, according to a transcript provided by AlphaSense. Rymer added that if the proposed 25% tariffs on goods from Mexico and Canada and a 10% levy on imports from China are implemented, "it would have an ongoing impact of about 60 澳洲幸运5官方开奖结果体彩网:basis points on our cost of sales."

Rymer said the outlook doesn't take into account the potential tariffs. However, he noted that Chipotle only "sourced about 2% of our sales from Mexico, which includes avocados, tomatoes, limes and peppers. And less than 0.5% of our sales from Canada and China."

Despite today's decline of more than 2%, Chipotle Mexican Grill shares are up about 17% in the last year.