Folks go to a Chipotle restaurant on February 09, 2022 in Miami, Florida.
Joe Raedle | Getty Photographs
Chipotle Mexican Grill is anticipated to report its fourth-quarter earnings after the bell on Tuesday.
This is what Wall Avenue analysts surveyed by LSEG, previously often called Refinitiv, expect:
- Earnings per share: $9.75 anticipated
- Income: $2.49 billion anticipated
Buyers are forecasting the burrito chain will report quarterly same-store gross sales development of seven.1%, based on StreetAccount estimates. One other spherical of worth hikes and the return of a limited-time menu merchandise probably gave the chain’s gross sales an additional enhance in the course of the quarter.
In October, Chipotle elevated menu costs for the primary time in additional than a yr, citing inflation. Rival restaurant chains have seen prospects weary from worth will increase pull again their restaurant spending, however Chipotle executives have maintained that the chain has pricing energy to spare.
The chain additionally introduced again its standard carne asada in the course of the quarter. The limited-time steak possibility sometimes attracts in visitors and boosts gross sales due to its larger worth.
Chipotle shares have risen 46% during the last yr, bringing the corporate’s market cap to $67.9 billion.