A Chipotle restaurant stands in Manhattan, New York City, on Feb. 6, 2024.
Spencer Platt | Getty Images
Chipotle Mexican Grill on Tuesday said traffic to its restaurants keeps rising, helping the company top analysts’ estimates for its quarterly earnings.
However, the burrito chain disappointed investors with its same-store sales forecast for 2025 and commentary about weaker January traffic. Shares of the company fell more than 4% in extended trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: 25 cents adjusted vs. 24 cents expected
- Revenue: $2.85 billion, meeting expectations
The company’s net sales climbed 13.1% to $2.85 billion. Same-store sales rose 5.4%, narrowly missing StreetAccount estimates of 5.7% growth.
Transactions rose 4% in the quarter, continuing the burrito chain’s streak of higher traffic. For the past year, Chipotle has outpaced…
