A meal is seen in a Chipotle outlet in this photo illustration in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kellytopped Wall Street expectations for first-quarter sales and revenues on Tuesday, helped by steady demand for its burritos and rice bowls, higher menu prices and 41 new restaurant openings.
on Tuesday posted a 12.6% rise in global comparable sales in the first quarter, underscoring American consumers' appetite for dining out. Comparable sales at the California-based chain jumped about 11% in the first quarter, while analysts on average expected an 8.6% rise, according to Refinitiv data.
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Chipotle Mexican Grill earnings beat estimates as revenue climbs 17%Shares of Chipotle Mexican Grill have risen 28% this year, giving it a market value of $49.1 billion.
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Chipotle Mexican Grill is about to report earnings. Here's what to expectChipotle hasn't provided an outlook for 2023 same-store sales growth, noting the possibility of a recession.
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Stocks making the biggest moves after hours: Enphase Energy, PacWest Bancorp, Chipotle, Microsoft and moreThese are the stocks posting the largest moves in extended trading.
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