July 3, 2023, a Chipotle restaurant in New York.
Gina Moon | Bloomberg | Getty Pictures
Chipotle Mexican BBQ Second-quarter earnings are anticipated to be launched after the bell on Wednesday.
This is what Wall Road analysts surveyed by London Inventory Alternate Group (LSEG) anticipated from the corporate’s report:
- Earnings per share: Estimated 32 cents
- revenue: Estimated $2.94 billion
The taco chain has confronted backlash on social media in current months from some prospects who declare the dimensions of their bowls has shrunk, though CEO Brian Niccol has denied it This assertion. However the complaints are unlikely to finish Chipotle’s profitable streak, as the corporate has seen visitors rise for a number of quarters whereas the remainder of the trade has struggled to draw diners.
Wall Road analysts anticipate Chipotle’s same-store gross sales to develop 9.2% within the second quarter, based on StreetAccount estimates. Nicol believes the chain’s worth notion amongst diners is one purpose for its sturdy efficiency in current quarters.
Chipotle expects full-year same-store gross sales to develop by a mid- to high-single-digit share.
Chipotle’s inventory value has risen 24% to this point this yr, with its market worth reaching $72.82 billion. A month in the past, the corporate performed a 50-for-1 inventory break up, one of many largest inventory splits within the historical past of the New York Inventory Alternate.
