An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky.
Luke Sharrett | Bloomberg | fake pictures
Chipotle Mexican Grill is expected to report its second quarter earnings after the bell on Wednesday.
This is what Wall Street expects, based on an analyst survey by Refinitiv:
- Earnings per share: 35 cents expected
- Income: $ 1.34 billion expected
While the coronavirus pandemic had a negative effect on Chipotle sales last quarter, the company reported an 81% increase in digital sales as consumers stayed home and ordered online. Chipotle has promised to hire 10,000 employees in the coming months.
The burritos chain also seeks to increase sales by introducing new menu items. She started trying cauliflower rice, which will cost an additional $ 2 per order, earlier this month in Colorado and Wisconsin.
On Tuesday, the company announced two new directors for its board of directors: Mary Winston, former interim CEO of Bed, Bath & Beyond, and Gregg Engles, former CEO of The WhiteWave Foods Company.
Chipotle shares, which have a market value of $ 33 billion, have increased 41% so far this year.
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