Lates News

Chipo Ray, a Mexican BBQ company, dropped more than 8.5% in after-hours trading. The company saw a 0.3% increase in same-store sales in the third quarter, lower than analysts' expectations of 0.99% growth. Third quarter revenue was $3 billion, slightly below analysts' expectations of $3.2 billion. Customers in the 25-35 age cohort are facing challenges. Due to poor foot traffic, the company lowered its performance guidance for the third time in 2025. Inflation has accelerated to the 0%-10% range. The company does not plan to take action to address inflation issues in 2026.