An individual carrying a protecting masks and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021.
David Paul Morris | Bloomberg | Getty Photographs
Chipotle Mexican Grill will report its second-quarter outcomes after the bell on Tuesday.
Here is what Wall Avenue analysts surveyed by Refinitiv expect:
- Earnings per share: $6.52 anticipated
- Income: $1.88 billion anticipated
A 12 months in the past, the burrito chain’s web gross 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 rapidly. Through the firm’s first quarter this 12 months, on-line orders overtook in-person gross sales for the primary time.
However buyers will likely be watching to see if executives deal with any of the looming threats to its restoration. Meals costs are rising, which may put strain on Chipotle’s revenue margins. The corporate has already raised costs this 12 months to move alongside the price of climbing staff’ wages. The delta variant is driving an increase in new Covid-19 circumstances throughout the US, prompting Los Angeles County to require masks indoors no matter vaccination standing.
Final quarter, Chipotle declined to supply a gross sales outlook for the remainder of the 12 months, citing the uncertainty brought on by the pandemic. If the corporate would not expertise vital development delays, it is planning on opening about 200 new eating places in 2021.
Shares of Chipotle have risen 13% this 12 months, giving the corporate a market worth of $44 billion.