An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky.
Luke Sharrett | Bloomberg | Getty Images
Chipotle Mexican Grill is expected to report its second-quarter earnings after the bell Wednesday.
Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 35 cents expected
- Revenue: $1.34 billion expected
While the coronavirus pandemic took a toll on Chipotle’s sales last quarter, the company reported an 81% increase in digital sales as consumers stayed home and ordered online. Chipotle has pledged to hire 10,000 employees in the next several months.
The burrito chain is also looking to boost sales by introducing new menu items. It started testing cauliflower rice, which will cost an extra $2 per order, earlier this month in Colorado and Wisconsin.
On Tuesday, the company announced two new directors to its board: Mary Winston, the former interim CEO of Bed, Bath & Beyond, and Gregg Engles, former CEO of The WhiteWave Foods Company.
Chipotle stock, which has a market value of $33 billion, has risen 41% so far this year.
This is breaking news. Please check back for updates.
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