Chipotle Stock Tanks After Employee Bonus News

Chipotle tumbled more than 9% overnight after reporting better-than-expected earnings on Tuesday. The chain said it would invest $40-50 million in store upgrades and employee bonuses, and the spending seems to have spooked investors. Shares of Chipotle Mexican Grill are set to open down more than 9% Wednesday morning, despite an earnings report that beat Wall Street’s expectations following Tuesday’s closing bell.

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