Chipotle Mexican Grill Earnings Report: What to Anticipate

A Chipotle restaurant stands in Manhattan, New York City, on Feb. 6, 2024.

Chipotle Mexican Grill is set to disclose its earnings following the market close on Tuesday, and many are eager to see the results. According to a survey conducted by analysts at LSEG, there are specific expectations for the burrito chain's performance this quarter.

• Earnings per share: 24 cents anticipated
• Revenue: $2.85 billion expected

This earnings report will mark the first quarter under the leadership of Scott Boatwright, who took over as the chief executive officer after the previous CEO, Brian Niccol, left the company to join Starbucks at the end of August. Initially appointed as interim CEO, Boatwright's role was confirmed as permanent in November.

Despite leadership changes, Chipotle has continued to thrive, performing better than many competitors in the restaurant industry. The company has seen increased customer traffic and strong same-store sales, which contrasts with trends in the broader industry where many chains have struggled to attract diners.

For this quarter, Wall Street experts are predicting a growth in same-store sales of about 5.7%, as per estimates from StreetAccount.

However, the future isn't entirely clear for Chipotle. Recently, President Donald Trump announced a pause in increasing tariffs on imports from Mexico for a month. This could affect Chipotle's costs, particularly for avocados, which are a key ingredient in many of their dishes. An increase in supply costs may lead to higher prices for consumers if the tariffs do come into effect.

In the past year, Chipotle’s stock has increased by 17%, a notable achievement amidst market fluctuations. Currently, the market valuation of Chipotle stands at $79.52 billion, reflecting investor confidence in the company's growth potential.

Chipotle, Earnings, Stocks