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Here's what to expect from Chipotle Mexican Grill earnings

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Shares of Chipotle Mexican Grill have nearly doubled in value over the last year, giving it a market value of $42.8 billion.

The burrito chain launched two new menu items during the quarter: cauliflower rice and quesadillas.

Executives said in early February that the company is expecting same-store sales growth in the mid-to-high teens during the first quarter.A person wearing a protective mask and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021.is expected to report its first-quarter earnings after the bell on Wednesday.: $1.74 billion expected

This marks the first quarter that Chipotle will be facing comparisons to its business under the pressure of lockdowns. After last year kicked off with two months of double-digit same-store sales growth, the burrito chain saw its March same-store sales plunge 16% as states temporarily banned in-person dining and consumers stayed home.announcing its fourth-quarter results

, the company said that it's expecting same-store sales growth in the mid-to-high teens during the first quarter, assuming that the pandemic didn't worsen. January same-store sales rose 11%, fueled by the launch of cauliflower rice, which costs an extra $2 per order. The rice substitute isn't the only new menu item that Chipotle released in the first quarter. The companyShares of the company have nearly doubled in value over the last year, giving it a market value of $42.8 billion.

 

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The quesadillas are underwhelming. There’s too much tortilla because of the way they fold it.

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