A Chipotle restaurant in San Francisco on Jan. 31, 2025.
David Paul Morris | Bloomberg | Getty Images
Chipotle Mexican Grill is expected to report its second-quarter earnings after the bell on Wednesday.
Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:
- Earnings per share: 33 cents expected
- Revenue: $3.11 billion expected
After Chipotle’s same-store sales shrank last quarter for the first time since 2020, Wall Street is forecasting it will happen again this quarter. The burrito chain’s same-store sales are expected to fall 2.9%, according to StreetAccount estimates.
Economic uncertainty has led many Chipotle customers to pull back their spending and focus on saving their money, CEO Scott Boatwright said in April. Chipotle executives have said they don’t expect same-store sales to grow again until the second half of the year.
For the full year, Chipotle is projecting its same-store sales will grow by a low-single-digit percentage. The company also plans to open between 315 and 345 new restaurants by the end of the year.
Shares of Chipotle have fallen 13% this year, dragging its market cap down to roughly $70 billion.
