A customer carries a Chipotle bag in San Francisco, California, US, on Friday, Jan. 31, 2025.
David Paul Morris | Bloomberg | Getty Images
Chipotle Mexican Grill is expected to report its third-quarter earnings after the bell on Wednesday.
Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:
- Earnings per share: 29 cents expected
- Revenue: $3.03 billion expected
After a slow start to the year for Chipotle, Wall Street is anticipating that the chain’s same-store sales will grow for the first time in 2025. Analysts are expecting the company to report a same-store sales increase of 0.4%.
Last quarter, the burrito chain trimmed its outlook for same-store sales growth for the full year, changing its projection from a low-single-digit percentage increase to flat. After Chipotle outperformed the broader restaurant industry last year, the sluggish consumer environment finally hit its restaurants in the first half of the year, as traffic and same-store sales declined.
Though demand for Chipotle’s burritos and bowls has weakened, CEO Scott Boatwright has expressed confidence that the company’s overall strategy is still the right move for the company. A number of other restaurant companies, like Starbucks and Wendy’s, have unveiled turnaround schemes to revive sales growth.
Shares of the company have tumbled 33% this year, dragging its market value down to roughly $54 billion.
