Shares were down less than 1% in afternoon trading Tuesday, although they are up 70% so far this year.Earnings per share: $3.76 expectedLast quarter, Chipotle raised its same-store sales outlook for 2019. It is now forecasting mid-to-high single-digit sales growth at stores open at least a year. It previously said that it expected mid-single digit growth.
Investors will also be watching to see if the burrito maker shares more about its loyalty program, which launched in March as part of a broader strategy to build digital engagement. This marks it first full quarter since it began. During its last conference call, CEO Brian Niccol said that the program had already grown to 3 million members.
As customers seek more convenient options for dining, the fast casual chain has been investing in digital order pick-up shelves and drive-through windows called Chipotlanes. The company also has a partnership with third-party delivery service DoorDash. Around the time of the FIFA Women's World Cup this summer, Chipotle promoted the partnership by offering free delivery and selling several of the players' favorite orders.
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