A chipotal restaurant in San Francisco on 31 January 2025.
David Paul Morris | Bloomberg | Getty images
Chipotal mexican grill It is expected to report its second quarter earnings after the bell on Wednesday.
Here LSEG surveys wall street analysts expected to report to the company:
- earnings per share: 33 cents expect
- Income: $ 3.11 billion expected
After sales of chipatl Last quarter shrunk For the first time since 2020, Wall Street estimates that it will be again in this quarter. According to Strikint’s estimates, the same-store sales of Burtito Chain are expected to fall by 2.9%.
Economic uncertainty has inspired many chipotal customers to pull back their expenses and focus on saving their money, CEO Scott Botarite said in April. Chipatl officials have said that they do not expect to sell stores again till the second half of the year.
For the whole year, chipatl will increase its equal-store sales by a percentage of less-single-papers. The company plans to open between 315 and 345 new restaurants by the end of the year.
Chipatl shares have fallen 13% this year, causing its market cap to about 70 billion dollars.
