Chipotle Mexican Grill, Inc. (NYSE:CMG) is down 1.62%. Shares had been climbing in anticipation of what turned out to be a weaker-than-expected earnings report. While EPS still rose to $1.59, it fell short of analyst expectations of $1.68 per share. The company has been on fire, but admits it now must raise prices at 80% of its restaurants because food price (NYSE:RJA) inflation has hit the bottom line.
Citi Trends, Inc. (NASDAQ:CTRN) is down 17.23%. The clothing retailer lowered earnings guidance and is expecting much greater losses than previously expected. So much for fickle teens.
Brocade Communications Systems, Inc. (NASDAQ:BRCD) is down 3.69%. After Dell’s (NASDAQ:DELL) acquisition of Force 10 Networks, Brocade’s hopes of being acquired by Dell are fading, as the recent purchase makes Brocade somewhat redundant. Don’t Miss: Here’s the Big Picture Trend in the PC Industry.
Cintas Corporation (NASDAQ:CTAS) is up 9.01%. CTAS’s earnings beat expectations and the company also gave guidance that meets or beats even the best of estimates.