Chipotle Mexican Grill (GCM) shares fell in late trading after the company indicated same-store sales growth may be lower than expected.

Chipotle said late Tuesday that it expects same-store sales to increase in the mid-to-high single-digit range for 2024. Analysts were forecasting a same-store growth rate of 7.5 %, according to estimates compiled by Visible Alpha. The fast-casual restaurant chain reported same-restaurant sales rose 6% in the third quarter, while revenue increased 13% to $2.8 billion.

Chipotle stock, which closed Tuesday’s session at $60.49, was recently down more than 4% in late trading.

Chipotle has not said whether this will be the case officially name Scott Boatwright, interim CEO, to top position. Boatwright has held the position since former CEO Brian Niccol left in late August to lead Starbucks (SBUX). (Starbucks is expected to report its own results tomorrow afternoon.) Chipotle is also should lose Longtime CFO Jack Hartung in 2025.

Chipotle delivered results in line with analysts’ third-quarter revenue expectations and generated net income of $387.4 million, beating the consensus estimate of $346, as compiled by Visible Alpha.

The stock is up about 30% this year so far.