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LIVE: Chipotle is about to release Q1 earnings (CMG)

Chipotle Prep 79

  • The fast-casual burrito chain Chipotle is set to report first-quarter earnings after the market close on Wednesday.
  • Expectations are high, with adjusted earnings forecast to rise 75% from a year earlier.
  • Watch Chipotle trade live.

Chipotle is set to report its first-quarter results after Wednesday’s closing bell. Here’s what Wall Street analysts surveyed by Bloomberg are expecting:

  • Adjusted earnings per share: $3.01
  • Revenue: $1.225 billion
  • Operating profit: $113.5 million
  • EBITDA: $165.7 million

The burrito chain is recovering after food poisoning issues dogged the company in 2017 and 2018. Shares have rocketed higher by 64% in 2019 due to initiatives in mobile ordering and digital read more >>>

Source:: BusinessInsider.Com