Chipotle Mexican Grill defied expectations with a surprising 0.5% increase in same-store sales for Q1, driven by the return of popular menu items like Chicken al Pastor. Revenue surged by 7.4% to $3.09 billion, surpassing predictions, but the company faces ongoing challenges as adjusted earnings per share dropped 17% and operating margins fell due to rising costs. Looking ahead, Chipotle remains cautious, forecasting flat same-store sales for the year amid economic uncertainties while planning to expand by opening 350 to 370 new restaurants by 2026.
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