Chipotle is set to report fourth-quarter earnings after Wednesday’s closing bell. Here’s what Wall Street analysts are expecting, according to Bloomberg data:

  • Earnings per share: $1.38
  • Revenue: $1.19 billion

Shares of the burrito chain had fallen as much as 65% since October 2015, when an E. coli outbreak that was linked to Chipotle expanded to multi-states. However, since the appointment of CEO Brian Niccol, in February 2018, the stock has rebounded more 100%.

Under the management of Niccol, the former head of rival Yum Brand’s Taco Bell, Chipotle has heavily invested in digital ordering and delivery, and increased its share buyback program. 

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Entering 2019, Chipotle’s biggest challenge is workers’ skyrocketing pay, just like many other restaurants, Niccol told Business Insider last month at the ICR Conference — an event with many restaurant executives and investors attending. He said that Chipotle was considering raising prices as minimum wages rise, but that investors shouldn’t panic. 

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“Every cost in the business is a challenge,” Niccol told Business Insider. “The good news is we have a model that we can invest in our labor. And, we will use sales growth coupled with some pricing to handle it.” 

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Chipotle was up 19% this year through Wednesday.

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ChipotleMarkets Insider


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