div > div.group > p:first-child"> Here's what Wall Street is expecting, according to a survey of analysts by Refinitiv:
Investors have been optimistic about the chain under the leadership of former Taco Bell head Brian Niccol. At the end of March, the company's stock price hit $700 per share for the first time since 2015, when a multistate E. coli outbreak linked to Chipotle sent shares plunging. The stock is up more than 63% so far in 2019.
Several analysts have downgraded Chipotle as a result of its rising stock price but remain bullish on its success this quarter. For example, Morgan Stanley analyst John Glass raised his estimate for the chain's first-quarter same-store sales in the same research note downgrading shares. In March, Chipotle launched its points-based loyalty program nationwide. Less than a week later, the company surpassed its one millionth member, who scored a year's worth of Chipotle. The program has already helped mobile app downloads soar, according to a Barclays note. Investors can expect to hear more about the program's progress and if it has contributed to digital sales so far.
The loyalty program is just one part of Chipotle's strategy to build digital engagement. The company has a partnership with third-party delivery service DoorDash. It has also been investing in changes to its restaurants to make delivery and digital pick-up easier for customers, like pick-up shelves and drive-through windows called Chipotlanes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Burrito 🌯
Explosive diarrhea
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what the Street expects from Twitter's first-quarter earningsTwitter is set to release its first quarter 2019 earnings on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »
Here's what to expect when P&G reports earnings before the market opensP&G is coming off a strong fiscal second quarter in which its bet on raising prices paid off, helping to drive sales past investors' expectations. Analysts this quarter are expecting modest sales growth of half a percent.
Source: CNBC - 🏆 12. / 72 Read more »
Caterpillar is set to report earnings before the bell — here's what the Street expectsCaterpillar is reporting first-quarter earnings before the bell on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »
Boeing earnings expected before the bell as market looks for 737 Max newsBoeing's first-quarter earnings report is expected before the market opens on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »
Caterpillar reports better-than-expected earningsCaterpillar reported better-than-expected earnings and revenue before the bell this morning, including $13.47 billion in revenue. So why is this stock down? davidjknight76 well done CaterpillarInc for a good earnings and revenue
Source: CNBC - 🏆 12. / 72 Read more »
Asia Pacific shares poised to open mixed amid stronger-than-expected US earningsAmid the ongoing earnings season, 84.6 percent of the S&P 500 companies that have reported calendar first-quarter earnings have topped analyst expectations, according to FactSet.
Source: CNBC - 🏆 12. / 72 Read more »
What Facebook scandals? Its earnings are expected to dominateFacebook keeps raking in money despite criticism it has faced. The company will post its first-quarter earnings results on Wednesday after the markets close. 🎷🎷 Facebook is a gold mine. Hop on board that Trump Train ride!
Source: CNN - 🏆 4. / 95 Read more »
Credit Suisse earnings: 749 million Swiss francs for Q1 net profit, vs 692 million Swiss francs expectedCredit Suisse produced another rise in net profit for the first quarter of 2019, its first period following the completion of its three-year restructuring plan.
Source: CNBC - 🏆 12. / 72 Read more »
A simple trading strategy made investors 42% in just 6 days last earnings season. Here's how Goldman Sachs says you can replicate it.Goldman Sachs just unveiled an simple earnings-season trading strategy that returned 42% over just six days last quarter.
Source: BusinessInsider - 🏆 729. / 51 Read more »