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Barchart
Aditya Sarawgi

What You Need To Know Ahead of Chipotle Mexican Grill's Earnings Release

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 $54.9 billion, Chipotle’s operations span the U.S., Canada, France, Germany, Dubai, and the U.K.

The restaurant giant is gearing up to announce its third-quarter results after the markets close on Wednesday, Oct. 29. Ahead of the event, analysts expect CMG to deliver an EPS of $0.29, up 7.4% from $0.27 reported in the year-ago quarter. Moreover, 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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