Chipotle Mexican Grill is about to report earnings. Here's what to expect

is expected to report its third-quarter earnings after the bell Thursday.Earnings per share: $10.55 expectedraised prices for the first time in over a year, citing inflation.

Before the pandemic, Chipotle typically waited until December to hike prices, but higher labor and commodity costs pushed the chain to raise menu prices more aggressively in the past two years. The company backed off from price hikes earlier this year as consumers curbed restaurant spending.same-store sales growth in the low-to-mid single digit range for the quarter, while Wall Street is projecting 4.6% same-store sales growth, according to StreetAccount estimates.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chipotle Mexican Grill is about to report earnings. Here's what to expectThe burrito chain Chipotle recently raised prices for the first time in over a year, citing inflation.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Chipotle earnings: What to expectChipotle reports third-quarter results amid concerns about consumer spending
Source: MarketWatch - 🏆 3. / 97 Read more »

Mexican Peso counterattacks amid resilient job market shrugs off upbeat US GDPMexican Peso (MXN) climbs against the US Dollar (USD) on Thursday, trimming some of the last two days' losses after economic data from Mexico showed t
Source: FXStreetNews - 🏆 14. / 72 Read more »