Chipotle Is Hoping You Won't Care About its Higher Menu Pricing

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Chipotle Is Hoping You Won't Care About its Higher Menu Pricing

Chipotle Is Hoping You Won't Care About its Higher Menu Pricing
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Chipotle Is Hoping You Won't Care About its Higher Menu Pricing

by TheStreet.com Videos 1:26 mins

The big question many will be asking as Chipotle gets ready to report results is whether the fast-casual chain's decision to raise prices kept customers away? Wall Street will get its first taste of the effects of the burrito chain's decision when it reports second quarter earnings on Monday. Analysts expect Chipotle to report earnings of $3.08 a share on revenue of $989 million. Same store sales are expected to rise 10.4% for the second quarter. Chipotle said in April that it would raise prices somewhere in the range of 5% to offset surging prices in commodities like beef, cheese and avocados. TheStreet's Laurie Kulikowski reports from New York.

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