Chipotle Sees Quarterly Sales Above Wall Street View Amid Strong Demand

Chipotle Sees Quarterly Sales Above Wall Street View Amid Strong Demand
The logo of Chipotle is seen on one of their restaurants in Manhattan, New York City, U.S. on Feb. 7, 2022. Andrew Kelly/Reuters File Photo
Reuters
Updated:

Chipotle Mexican Grill Inc forecast second-quarter same-store sales above analysts’ estimates on Tuesday, betting demand for its burritos and rice bowls will remain buoyant despite a few rounds of price increases.

The burrito chain forecast comparable restaurant sales growth of 10 percent to 12 percent for the current quarter, compared with estimates of 8.8 percent growth, according to IBES data from Refinitiv.