Chipotle Mexican Grill is set to record income. Here’s what to anticipate

Chipotle Mexican Grill is predicted to record its first-quarter income after the bell on Wednesday.

Here’s what Wall Street analysts surveyed by way of LSEG predict the corporate to record:

• Earnings according to proportion: 28 cents anticipated
• Revenue: $2.95 billion anticipated

Investors are projecting that the burrito chain will record weaker same-store gross sales expansion this quarter. The corporate stated in early February that gross sales softened in January, harm by way of climate and the wildfires in Los Angeles. The corporate is predicted to record same-store gross sales expansion of 1.7%, in step with StreetAccount estimates.

Still, executives have stated underlying call for for its burritos and bowls stays robust.

The corporate has additionally been increasing its world footprint. On Monday, Chipotle introduced a building deal to open eating places in Mexico for the primary time.

Chipotle’s full-year forecast anticipates same-store gross sales expansion within the low- to mid-single-digit vary.

Shares of the corporate have fallen 15% during the last yr, dragging its marketplace price right down to more or less $65 billion. The White House’s business wars and comparable recession issues have weighed at the inventory.