On Monday, July 20, 2020, a customer is carrying a Chipotle Mexican Grill bag outside a restaurant in San Francisco, California, USA.
David Paul Morris | Bloomberg | Getty Images
Chipotle Mexican Grill After the bell on Thursday, we will report third quarter earnings.
Wall Street analysts surveyed by Refinitiv expect:
- Profit per share: $ 6.32 forecast
- Revenue: $ 1.94 billion expected
The burrito chain recovered relatively quickly from the pandemic, partly due to the strength of online sales. Wall Street expects the company to report 14% growth in same-store sales, according to StreetAccount estimates. The company forecasts same-store sales growth in the low to middle double digits. A year ago, Chipotle’s same-store sales increased 8.3%.
NS Addition of smoked brisket to the limited-time menu The Delta Variant may have kept some customers home, but it probably helped sell. Last quarter, executives said eating out customers were back, but consumers may have returned to takeaway and delivery due to an increase in new Covid-19 cases in parts of the country.
Investors are also watching if Chipotle, like other industries, sees higher food costs or is experiencing labor problems. Domino’s pizza He said the tight labor force had hit existing store sales in the United States, partly due to reduced business hours in some locations.Chilean parents Brinker International Said The surge in new Covid-19 cases in August exacerbated these problems for the company., Hit that margin hard.
Chipotle has already raised prices this year to explain the rise in workers’ wages, CFO Jackhardung warned analysts last quarter That food cost will be higher than this quarter.
Chipotle’s share rose 33% this year to a market value of $ 51.87 billion.
Chipotle Mexican Grill (CMG) Q3 2021 Revenue
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