Chipotle Mexican Grill is expected to report its first-quarter earnings after the bell on Wednesday.
Here's what Wall Street analysts surveyed by LSEG are projecting that the company will report:
Over the last 12 months, Chipotle shares have lost 35% of their value as the burrito chain reported same-store sales declines in three of the last four quarters. Analysts are forecasting that same-store sales will fall 0.7% this quarter, based on StreetAccount estimates.
For 2026, the company is projecting flat same-store sales, signaling that the burrito chain's woes are not expected to disappear quickly. However, executives previously said the outlook is "conservative," citing unpredictable consumer trends.
And the broader economic outlook has only become more uncertain since Chipotle's last earnings report. The U.S. war with Iran has led to spiking fuel prices, which leaves consumers with less disposable income after filling up at the gas pump. Domino's Pizza has already reported that higher gas prices and weakening consumer sentiment weighed on its sales in March.
