Business

Chipotle Mexican Grill (CMG) Q2 2021 earnings

An individual sporting 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.

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 count on income to surge practically 38%. Throughout the pandemic, its digital orders skyrocketed, serving to the enterprise recuperate shortly. Throughout the firm’s first quarter this 12 months, on-line orders overtook in-person gross sales for the primary time.

However traders can be watching to see if executives tackle any of the looming threats to its restoration. Meals costs are rising, which might put strain on Chipotle’s revenue margins. The corporate has already raised costs this 12 months to go alongside the price of climbing employees’ 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 supply a gross sales outlook for the remainder of the 12 months, citing the uncertainty attributable to the pandemic. If the corporate would not expertise important 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.

Blake

News and digital media editor, writer, and communications specialist. Passionate about social justice, equity, and wellness. Covering the news, viewing it differently.

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