same-store sales News & Analysis

Chipotle (CMG) Q1 Earnings Expected to Show Revenue Growth

Chipotle (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.