Why Analysts Expect Chipotle’s Revenues to Rise in Q2 2018
Wall Street analysts expect Chipotle Mexican Grill (CMG) to post revenues of $1.26 billion, which represents a YoY (year-over-year) increase of 7.7% from $1.17 billion. This revenue growth is forecast to be driven by the addition of new restaurants and positive SSSG (same-store sales growth). By the end of the first quarter, Chipotle operated 2,441 restaurants compared to 2,295 restaurants by the end of the second quarter of 2017.