Chipotle Mexican Grill is expected to report its second-quarter earnings after the bell on Wednesday.
Here's what Wall Street analysts surveyed by LSEG are expecting the company to report:
Last quarter, the burrito chain reported a 0.5% increase in same-store sales, surprising Wall Street, which had anticipated a second straight quarter of declines. Chipotle had previously seen traffic dip as value-conscious diners started to cut back on their visits.
But analysts think that the chain's struggles were short lived. Wall Street is projecting same-store sales growth of 1.4% this quarter, despite spiking gas prices and other pressures on consumers' budgets.
For the full year, the company is forecasting flat same-store sales. Chief Financial Officer Adam Rymer previously said the outlook is "conservative," citing unpredictable consumer trends.
Shares of Chipotle have fallen more than 7% this year, dragging its market value down to roughly $44 billion.
