is expected to report its third-quarter earnings after the bell Thursday.Earnings per share: $10.55 expectedraised prices for the first time in over a year, citing inflation.
Before the pandemic, Chipotle typically waited until December to hike prices, but higher labor and commodity costs pushed the chain to raise menu prices more aggressively in the past two years. The company backed off from price hikes earlier this year as consumers curbed restaurant spending.same-store sales growth in the low-to-mid single digit range for the quarter, while Wall Street is projecting 4.6% same-store sales growth, according to StreetAccount estimates.
Source: News Formal (newsformal.com)
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