Chipotle (CMG) Q1 Earnings Expected to Show Revenue Growth
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowChipotle (CMG) is set to report Q1 earnings with revenue anticipated at $3.07 billion, a 7% year-over-year increase. However, same-store sales are projected to have declined by 0.9%. Adjusted earnings per share are expected to drop to $0.24, down from $0.29 in the same quarter last year. The company's stock has decreased by 11% in 2023, reflecting challenges in customer traffic due to economic pressures.
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About Chipotle Mexican Grill (CMG)
Chipotle Mexican Grill is a fast-casual restaurant chain known for made-to-order burritos and bowls.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
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