Business

Chipotle Mexican Grill (CMG) Q2 2023 revenues

A Chipotle dining establishment in New York, United States, on Monday, July 3, 2023.

Jeenah Moon | Bloomberg | Getty Images

Chipotle Mexican Grill is anticipated to report its second-quarter revenues after the bell Wednesday.

Here’s what Wall Street experts surveyed by Refinitiv are anticipating the business to report:

  • Earnings per share: $12.31 anticipated
  • Revenue: $2.53 billion anticipated

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Like most dining establishment chains, Chipotle managed increasing labor and active ingredient expenses by treking its costs. But the burrito chain stated last quarter it’s all done raising costs in the meantime.

Even as the costs for burrito bowls and tortilla chips have actually increased, the high-income customers who comprise the bulk of Chipotle’s client base have actually been going to more regularly. Wall Street is anticipating the business will report same-store sales development of 7.5% for the 2nd quarter.

For the remainder of the year, Chipotle is preparing for same-store sales development in the mid-to-high single digits.

The business’s stock has actually climbed up 50% year to date.

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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