A Chipotle restaurant stands in Manhattan, New York Metropolis, on Feb. 6, 2024.
Spencer Platt | Getty Photos
Chipotle Mexican Grill is predicted to report its earnings after the bell on Tuesday.
Here is what Wall Road is anticipating the corporate to report, primarily based on a survey of analysts by LSEG:
- Earnings per share: 24 cents anticipated
- Income: $2.85 billion anticipated
This quarter was the primary with Scott Boatwright as chief government. The corporate initially tapped him as interim CEO after Brian Niccol departed for Starbucks on the finish of August. In November, Chipotle introduced that Boatwright would take the position on a everlasting foundation.
The management shake-up got here throughout a time of success for Chipotle. The burrito chain has outpaced the broader restaurant business over the previous yr, reporting rising visitors and robust same-store gross sales as many others noticed diners pull again their spending.
This quarter, Wall Road is projecting that Chipotle will announce same-store gross sales progress of 5.7%, in accordance with StreetAccount estimates.
Nonetheless, Chipotle faces some uncertainty within the yr forward. President Donald Trump on Monday paused elevating tariffs on Mexican imports for a month, however the burrito chain might ultimately discover itself paying extra for avocados — and elevating costs to offset the associated fee.
Shares of Chipotle have climbed 17% over the previous yr. The corporate has a market cap of $79.52 billion.