9 months ago
50 A Chipotle edifice successful New York, US, connected Monday, July 3, 2023.
Jeenah Moon | Bloomberg | Getty Images
Chipotle Mexican Grill is expected to study its second-quarter net aft the doorbell Wednesday.
Here's what Wall Street analysts surveyed by Refinitiv are expecting the institution to report:
Earnings per share: $12.31 expectedRevenue: $2.53 cardinal expectedrelated investing news
Like astir edifice chains, Chipotle handled rising labour and constituent costs by hiking its prices. But the burrito concatenation said past 4th it's each done raising prices for now.
Even arsenic the prices for burrito bowls and tortilla chips person risen, the high-income consumers who marque up the bulk of Chipotle's lawsuit basal person been visiting much frequently. Wall Street is expecting the institution volition study same-store income maturation of 7.5% for the 2nd quarter.
For the remainder of the year, Chipotle is anticipating same-store income maturation successful the mid-to-high azygous digits.
The company's banal has climbed 50% twelvemonth to date.
