DENVER Shares of Chipotle Mexican Grill Inc. plummeted Friday as the company warned that its earnings would fall short in the third quarter on slow sales and escalating food costs. The operator of more than 775 burrito restaurants also said it would likely raise menu prices in the fourth quarter. Chipotle said its earnings for the current third quarter, which ends Sept. 30, would be "slightly below" the 62 cents a share it earned a year ago. Analysts on average had expected earnings ...
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Contact: Desiree Torres Desiree.Torres@penton.com