Chipotle Mexican Grill is about to report earnings. Here’s what to expect

Chipotle Mexican Grill is anticipated to report its first-quarter earnings after the bell on Wednesday.

Here’s what Wall Road analysts surveyed by LSEG expect the corporate to report:

• Earnings per share: 28 cents anticipated
• Income: $2.95 billion anticipated

Buyers are projecting that the burrito chain will report weaker same-store gross sales progress this quarter. The corporate stated in early February that gross sales softened in January, damage by climate and the wildfires in Los Angeles. The corporate is anticipated to report same-store gross sales progress of 1.7%, in accordance to StreetAccount estimates.

Nonetheless, executives have stated underlying demand for its burritos and bowls stays robust.

The corporate has additionally been increasing its worldwide footprint. On Monday, Chipotle introduced a improvement deal to open eating places in Mexico for the primary time.

Chipotle’s full-year forecast anticipates same-store gross sales progress within the low- to mid-single-digit vary.

Shares of the corporate have fallen 15% over the previous 12 months, dragging its market worth down to roughly $65 billion. The White Home’s commerce wars and associated recession issues have weighed on the inventory.