Chipotle Mexican Grill (NYSE: CMG), down just over 10% in 2022, has fared better than the overall market as the S&P 500 has fallen 18% so far this year. The popular Tex-Mex chain known for its massive burritos continues reporting solid results amid a softening macroeconomic backdrop, which could help explain why the stock is holding up reasonably well. Navigating a difficult economy Like many businesses out there, especially retail-based ones, Chipotle hasn't been immune to the surge in inflation and weaker consumer spending.