Chipotle is about to report earnings. Here is what to anticipate – Imperial Wire

Chipotle Mexican Grill is anticipated to report its fourth-quarter earnings after the bell on Tuesday.

Here is what Wall Avenue analysts surveyed by LSEG are anticipating the corporate will report:

• Earnings per share: 24 cents anticipated
• Income: $2.96 billion anticipated

Over the previous yr, shares of Chipotle have misplaced roughly a 3rd of their worth, dragging the corporate’s market worth right down to about $51 billion. Investor enthusiasm for the inventory waned after the fast-casual chain started reporting shrinking site visitors to its eating places.

In late October, Chipotle reported its third straight quarter of declining site visitors. CEO Scott Boatwright mentioned on the time that the corporate is seeing “constant macroeconomic pressures,” and shoppers throughout all revenue cohorts are visiting much less incessantly.  

This quarter, Wall Avenue is projecting that the development worsened and that Chipotle’s same-store gross sales fell 3%, in accordance with StreetAccount estimates.

However all eyes can be on the corporate’s full-year forecast, which ought to reveal whether or not executives assume Chipotle can flip across the enterprise in brief order.

Chipotle executives are scheduled to carry a name with buyers at 4:30 p.m. ET.