Here's what to expect from Chipotle earnings

The chain is expected to roll out its replacement queso and quesadillas next year.Brian Niccol, CEO of Chipotle Mexican Grillis expected to report third-quarter earnings after the bell Tuesday.

The company's stock price has nearly doubled so far this year. It has a market value of $23.5 billion.Revenue: $1.4 billion expectedLast month, Chipotle launched its first new protein since it added chorizo three years ago. Carne asada, which is priced 50 cents higher than its original steak, will only be available for a limited time.

And the menu changes under CEO Brian Niccol are expected to keep coming. In 2020, Chipotle will launch a replacement for its queso. The company is testing its queso blanco in Detroit, Dallas and San Diego. Analysts also predict that the chain will roll out long-awaited quesadillas next year. Investors will be watching to see if the company is able to keep accelerating digital sales by adding loyalty members. In July, Chipotle reported that its digital sales had nearly doubled during its second quarter, thanks in part to the March launch of a loyalty program. At the time, the loyalty program had 5 million members.

Avocado prices, which reached record highs over the summer, could put pressure on Chipotle's third-quarter profits. CFO Jack Hartung told analysts on the earnings call in July that the fruit is the biggest wildcard for Chipotle's margin potential.

“Guac is extra” = huge margin bump

I think they’ll be o-queso

United States United States Latest News, United States United States Headlines

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

Here's what to expect from McDonald's earningsMcDonald's stock, which has a market value of $161.8 billion, is up 18% so far this year. They play a good music in their branches down here with 🍔
Source: CNBC - 🏆 12. / 72 Read more »

Procter & Gamble earnings, sales top estimates, shares jumpProcter & Gamble has been enjoying strong sales, driven in part by innovation, marketing and speed to market. Last quarter, organic sales grew by 7%. Why is Ylan Mui chasing Mark Zuckerberg down the halls of Congress pelting him with him unanswered questions like he’s some kind of child murderer? You don’t do it to anyone else, you should stop it
Source: CNBC - 🏆 12. / 72 Read more »

Travelers' shares tank the most in 8 years on poor earnings, taking 70 points off the DowShares of Travelers dropped more than 6% after the insurer reported weaker-than-expected quarterly earnings, pressuring the Dow. Time to replace it with another
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street opens higher on upbeat earnings, healthcare boostWall Street opened higher on Tuesday after a batch of upbeat earnings reports ea...
Source: Reuters - 🏆 2. / 97 Read more »

S&P 500, Dow gain on upbeat earnings reports; Facebook pressures NasdaqThe S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports ea...
Source: Reuters - 🏆 2. / 97 Read more »