{"id":40731,"date":"2023-07-26T11:24:29","date_gmt":"2023-07-26T15:24:29","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/chipotle-reports-earnings-today-what-to-expect\/"},"modified":"2023-07-26T11:24:31","modified_gmt":"2023-07-26T15:24:31","slug":"chipotle-reports-earnings-today-what-to-expect","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=40731","title":{"rendered":"Chipotle Reports Earnings Today. What to Expect."},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

\n Chipotle Mexican Grill
\n is poised to serve up another hot earnings report when it discloses its second-quarter results this afternoon.<\/p>\n

Investors are optimistic that the company can handily meet or beat earnings expectations and send the stock higher. Already, the shares have gained 51% this year, buoyed by strong financial performance and demand for fast-casual dining. <\/p>\n

\n

Analysts expect Chipotle\u2019s earnings to grow by over 30% year-over-year in the second quarter to $12.31 a share, according to FactSet consensus estimates. Projected revenue of $2.53 billion would imply 14% year-over-year growth. <\/p>\n

\u201cChipotle is one of the least debated stocks in our coverage going into 2Q results,\u201d wrote TD Cowen analyst Andrew Charles. Charles has an Outperform rating on the stock, and lists it among one of his top five stock picks. <\/p>\n

Chipotle has invested heavily on innovating over the last couple of quarters, which has helped drive sales and keep consumers engaged. The company has launched new menu items, tested ways to automate guacamole production, and announced it was expanding to the Middle East with its first franchised restaurants. <\/p>\n

The company is also in the midst of implementing a strategic plan, called Square One, which aims to improve the company\u2019s business fundamentals following the pandemic. The impacts of Square One may start playing out as early as this quarter, analysts say, and help improve both sales and profit. <\/p>\n

William Blair analyst Sharon Zackfia predicts second-quarter restaurant-level margin will rise 1.8 percentage points to 27.4%, marking Chipotle\u2019s best margin at the restaurant level since 2015. Margins could also see a boost from slightly lower labor and commodity costs. Zackfia rates the stock Outperform.<\/p>\n

Of course, there are risks ahead. Given that expectations are high heading into the report, there is little room for error at tomorrow\u2019s report, wrote Stifel analyst Chris O\u2019Cull in a note to clients. O\u2019Cull rates the stock a Buy. The company is also subject to macroeconomic vicissitudes, which may lead consumers to take a more cautious approach toward spending. <\/p>\n

So far, however, Chipotle has benefited from consumers looking to make their budget stretch longer. Instead of paying for a sit-down restaurant, shoppers are turning to more affordable, fast-casual eateries, such as Chipotle.<\/p>\n

That means that investors should take Chipotle\u2019s results with a grain of salt\u2014or a side of guac\u2014as they try to ascertain what they could imply for other restaurants as they report earnings over the course of the following weeks. <\/p>\n

The company is one of the \u201ccreme de la creme this quarter,\u201d O\u2019Cull wrote, alongside
\n McDonald\u2019s
\n (MCD) and
\n Texas Roadhouse
\n (TXRH). \u201cWe would be careful using their results for read-throughs to others reporting in the subsequent weeks.\u201d<\/p>\n

Write to Sabrina Escobar at sabrina.escobar@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chipotle Mexican Grill is poised to serve up another hot earnings report when it discloses its second-quarter results this afternoon. Investors are optimistic that the company can handily meet or beat earnings expectations and send the stock higher. Already, the shares have gained 51% this year, buoyed by strong financial performance and demand for fast-casual […]<\/p>\n","protected":false},"author":1,"featured_media":40732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-40731","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nChipotle Reports Earnings Today. 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