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Barchart
Barchart
Aditya Sarawgi

What to Expect From Chipotle's Next Quarterly Earnings Report

Chipotle CMG

Newport Beach, California-based Chipotle Mexican Grill, Inc. (CMG) operates quick-casual and fresh Mexican food restaurant chains. Its offerings include burritos, quesadillas, tacos, salads, and more. With a market cap of $78.5 billion, Chipotle’s operations span the U.S., Canada, France, Germany, Dubai, and the U.K.

The restaurant giant is expected to announce its second-quarter results on Wednesday, Jul. 23. Ahead of the event, analysts expect CMG to deliver an EPS of $0.32, down 5.9% from $0.34 reported in the year-ago quarter. On a more positive note, the company has a solid earnings surprise history. Chipotle has surpassed the Street’s bottom-line estimates in each of the past four quarters.

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