The Chipotle Restaurant stands in Manhattan, New York City, February 6, 2024.
Spencer Platt | Getty Images
Chipotle Mexican barbecue On Tuesday, he said that traffic in her restaurants is still increasing, helping the company that top -notch assessments of analysts for her three -month earnings.
However, the Burrito chain disappointed investors with a sales forecast in the same store for 2025 and comments about weaker traffic in January. The company’s shares have fallen more than 4% in extended trading.
Here’s what the company reported compared to what Wall Street expected, based on research by LSEG analysts:
- Earnings per share: 25 cents adapted to 24 cents expected
- Revenue: $ 2.85 billion, expectation meetings
The company’s net sales climbed to $ 13.1% to $ 2.85 billion. Sales in the same store increased 5.4%, which was closely lacking in Streetaccount estimate of 5.7% growth.
The transactions increased by 4%in the quarter, continuing a series of larger traffic of the Burrito chain chain. For the past year, Chipotle has surpassed the wider restaurant industry, which recorded a traffic crash because many consumers choose to cook their meals to save money.
But the sale softened at the end of December, attributed to the heads of the Christmas and New Year’s Day on Wednesdays.
However, the sale has been “unstable” in 2025 so far, CFO Adam Rymer said at the company’s conference call. Time, including fires in Los Angeles, had a greater impact on traffic than last year, the managers said.
“Although we believe that the fundamental trends of transactions are healthy and we have a strong plan for the year, we compare ourselves with progressively firmer computers in the first half of the year, and therefore lead to a low to medium -sized one -core foam for the whole year,” Rymer said.
Wall Street has foreseen sales growth in the same store of 5.4%throughout the year, according to the Streeccount estimation.
Chipotle’s forecast does not include influence any tariff This can be done in Canadian and Mexican imports. The executives said the tariffs would increase the cost of the company sales by 60 base points, or 0.6 percentage points.
In September, Chipotle returned his smoked briquette. The company charges more for a limited menu item than other protein options.
Chipotle reported on a net revenue in the fourth quarter of $ 331.8 million, or 24 cents per share, compared to $ 282.1 million, or 20 cents per share, a year earlier.
With the exception of the cost of damage to the restaurant, legal costs and other cases, Chipotle earned 25 cents per share.
The company opened 120 restaurants during the quarter, including one internationally licensed place. After 30 years of focusing primarily on his American job, Chipotle is trying to expand at international level. For example, he entered Kuwait last year, his first new country in a decade.
For 2025. Chipotle expects to open between 315 and 345 new locations, more than 80% of which will have “chipotlane” for digital orders.
