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Why Analysts Expect Chipotle’s Revenue to Rise in 1Q18

Ralph Nathan
Why Analysts Expect Chipotle’s Revenue to Rise in 1Q18

Chipotle Mexican Grill (CMG) owns and operate all its restaurants, so sales from all restaurants constitute the company’s revenue. For 1Q18, analysts expect Chipotle to post revenue of $1.15 billion, which represents a rise of 7.3% from $1.07 billion in 1Q17. The revenue growth is expected to be driven by the addition of new restaurants and positive SSSG (same-store sales growth). By the end of 3Q17, Chipotle operated 2,363 restaurants, compared to 2,291 in 1Q17.