chipotlechipotle/Instagram


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. 

READ  Sears craters after submitting for chapter (SHLD) - US

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. 

READ  Aretha Franklin's Detroit House Listed for Sale - US

“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.” 

READ  Tim Tebow in an MLB uniform? Mets may very well be an harm away from calling him up - US

Chipotle was up 19% this year through Wednesday.

Now read:

ChipotleMarkets Insider

LEAVE A REPLY

Please enter your comment!
Please enter your name here