What Analysts Expect for Chipotle’s Revenue in Q3 2018
Analysts expect Chipotle Mexican Grill (CMG) to post revenues of $1.24 billion in the third quarter, which is a 9.5% growth from $1.13 billion in Q3 2017. Chipotle’s revenue growth is expected to be driven by the addition of new restaurants and positive SSSG (same-store sales growth). By the end of the second quarter, Chipotle operated 2,427 restaurants, which is 97 more than 2,330 at the end of the third quarter of 2017.