A Chipotle restaurant in San Francisco on January 31, 2025.
David Paul Morris | Bloomberg | Getty images
Mexican grill chipotle should bring back his revenues in the second quarter after the bell on Wednesday.
Here is what Wall Street analysts interviewed by LSEG expect the company to point out:
- Profit by action: 33 cents expected
- Income: $ 3.11 billion expected
After sales with comparable chipotle stores have decreased the quarter in the last quarter since 2020, Wall Street plans that this will happen this quarter. Burrito channel’s comparable stores should be reduced by 2.9%, according to Streetaccount estimates.
Economic uncertainty has led many chipotle customers to withdraw their expenses and focus on savings of their money, CEO Scott Boatwright said in April. Chipotle leaders said they didn’t expect comparable store sales to increase before the second half.
For the full year, Chipotle provides that its comparable store sales will increase by a low -digit percentage. The company also plans to open between 315 and 345 new restaurants by the end of the year.
Chipotle shares fell 13% this year, leading to market capitalization at around $ 70 billion.