Despite a pullback in restaurant spending and backlash over the size of its burrito bowls, Chipotle is expected to report same-store sales growth of 9.2% for the second quarter.
CEO Brian Niccol has credited the chain's value perception among diners as one reason for its strong sales in recent quarters.from some customers on social media who claim that the size of their bowls has shrunk, despite denials from CEO Brian Niccol.
Wall Street analysts are expecting Chipotle's same-store sales to rise 9.2% in the second quarter, according to StreetAccount estimates.For the full year, Chipotle anticipates same-store sales will grow by a mid- to high-single-digit percentage. A month ago, the company split its stock 50-for-1, one of the largest in the New York Stock Exchange's history.Morgan Stanley is pounding the table for these stocks, including Apple, ahead of earnings