A customer carries a bag of food outside a Chipotle restaurant in New York on January 12, 2024.
Angus Mordaunt | Bloomberg | Getty Images
Chipotle Mexican Grill It is scheduled to report third-quarter earnings after the bell on Tuesday.
Here's what Wall Street analysts surveyed by LSEG expect the company to announce:
Earnings per share: 25 cents expected, Revenue: $2.82 billion expected
The report will be the company's first since the departure of CEO Brian Nicol, who left the burrito chain in late August to lead the company. Starbucks' turn around. Chief Operating Officer Scott Boatright currently serves as Chipotle's interim CEO.
Despite the unexpected executive shakeup, Wall Street is confident Chipotle can maintain its winning streak — at least in the near term. Analysts expect the company to report same-store sales growth of 6.3%, according to StreetAccount estimates.
Unlike many of its restaurant peers, Chipotle has seen traffic to its restaurants grow in recent quarters. Even social media-fueled backlash over the size of its burrito bowls didn't slow the chain's growth, though then-CEO Nicol promised to re-emphasize generous portions across restaurants.
For the full year, Chipotle expects same-store sales to grow by mid- to high-single digits. Chipotle also expects it will open between 285 and 315 new restaurants this year.
The company's shares are up 32% this year, giving Chipotle a market value of $82.91 billion.
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