An individual carrying a protecting masks and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021.
David Paul Morris | Bloomberg | Getty Photos
Chipotle Mexican Grill will report its second-quarter outcomes after the bell on Tuesday.
This is what Wall Road analysts surveyed by Refinitiv predict:
- Earnings per share: $6.52 anticipated
- Income: $1.88 billion anticipated
A 12 months in the past, the burrito chain’s internet gross sales fell 4.8% as lockdowns weighed on demand. This quarter, analysts count on 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 shall be watching to see if executives handle any of the looming threats to its restoration. Meals costs are rising, which might put stress on Chipotle’s revenue margins. The corporate has already raised costs this 12 months to cross alongside the price of mountaineering staff’ wages. The delta variant is driving an increase in new Covid-19 instances throughout the USA, prompting Los Angeles County to require masks indoors no matter vaccination standing.
Final quarter, Chipotle declined to offer 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 building 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.