Chipotle Mexican Grill is set to unveil its first-quarter earnings report following the market close on Wednesday.
According to a survey of analysts conducted by LSEG, the following figures are anticipated for the upcoming report:
- Earnings per share are projected at 28 cents.
- Revenue is expected to reach $2.95 billion.
Market watchers express concerns that the burrito chain may experience a slowdown in same-store sales growth for this quarter. Earlier in February, the company indicated that sales had decreased in January, impacted by adverse weather conditions and wildfires in Los Angeles. Estimates from StreetAccount suggest a same-store sales growth rate of 1.7%.
Despite these challenges, the company’s executives have maintained that demand for its signature burritos and bowls is robust.
Expanding its international presence has also been a focus for Chipotle. The company recently announced a deal to open restaurants in Mexico for the first time, a significant milestone in its growth strategy.
For the full year, Chipotle’s forecast projects same-store sales growth in the low- to mid-single-digit percentages.
Over the past year, the company’s stock has declined by 15%, leading to a market capitalization of approximately $65 billion. Trade tensions and recession fears linked to the current administration’s policies have contributed to the stock’s underperformance.
