Chipotle seen riding demand boom in Q2, with eyes on price hikes, innovation

Chipotle (CMG) on Tuesday posted a second-quarter earnings report that smashed Wall Street expectations, thanks to the mass return of customers after COVID-19 restrictions, and ongoing strength in digital sales.

Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate:

  • Revenue: $1.9B vs. $1.88 billion expected

  • Adj. earnings per share (EPS): $7.46 vs. $6.54 per share expected

  • Same-store sales: 31.2% vs. 29.8%…


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