An individual carrying a protecting masks and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021.
David Paul Morris | Bloomberg | Getty Photos
Chipotle Mexican Grill will report its second-quarter outcomes after the bell on Tuesday.
Here is what Wall Road analysts surveyed by Refinitiv expect:
- Earnings per share: $6.52 anticipated
- Income: $1.88 billion anticipated
A yr in the past, the burrito chain’s net sales fell 4.8% as lockdowns weighed on demand. This quarter, analysts anticipate income to surge practically 38%. Through the pandemic, its digital orders skyrocketed, serving to the enterprise get well shortly. During the company’s first quarter this year, on-line orders overtook in-person gross sales for the primary time.
However traders might be watching to see if executives handle any of the looming threats to its restoration. Meals costs are rising, which might put stress on Chipotle’s revenue margins. The corporate has already raised costs this yr to cross alongside the price of climbing employees’ wages. The delta variant is driving a rise in new Covid-19 circumstances throughout america, prompting Los Angeles County to require masks indoors no matter vaccination standing.
Final quarter, Chipotle declined to offer a gross sales outlook for the remainder of the yr, citing the uncertainty brought on by the pandemic. If the corporate does not expertise vital building delays, it is planning on opening about 200 new eating places in 2021.
Shares of Chipotle have risen 13% this yr, giving the corporate a market worth of $44 billion.