Chipotle Mexican Grill (CMG) Q1 2021 earnings

A man wearing a protective mask and gloves walks out of a Chipotle restaurant on April 19, 2021 in San Francisco, California.

David Paul Morris | Bloomberg Getty Images

Chipotle Mexican Grill is expected to report its first quarter earnings after the bell on Wednesday.

Here’s what Wall Street analysts are expecting to survey by Refinitiv:

  • earnings per share: $ 4.89 required
  • Revenue: $ 1.74 billion expected

This marks the first quarter that Chipotle will face comparisons to its business under the pressure of Lockdoll. Following last year’s two-month double-digit same-store sales growth, the Bertito chain saw a 16% drop in March-store sales, as states temporarily banned individual meals and consumers. Had stopped at home.

Since then, Chipotle sales have made a steady return, thanks to online and delivery orders. Announcing its fourth quarter results, the company said it expected same-store sales growth in the mid-to-high teens during the first quarter, assuming the epidemic did not worsen. January same-store sales rose 11%, fueled by the cauliflower rice launch, which cost an additional $ 2 per order.

The rice option is not the only new menu item that Chipotle released in the first quarter. The company launched Xydillas as a digital-only option in mid-March.

The company’s shares have almost doubled in value from the previous year, giving it a market value of $ 42.8 billion.

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