Earnings Outlook: Chipotle preview: Pickup shelves and catering expected to drive sales

Chipotle Mexican Grill Inc. is scheduled to announce second-quarter earnings on Wednesday after the closing bell, and while analysts want details about the company’s turnaround, they’re already bullish about some of what they’ve heard.

“In our opinion, several of Chipotle’s same-restaurant sales initiatives hold promise – two of our favorites are expanded catering options and rapid pick-up for digital orders,” wrote Stifel analysts in a note published July 11.

The latest earnings announcement comes just a few weeks after a hotly-anticipated business update call that largely fell flat.

However, there were a couple of things that analysts latched onto: pickup shelves that Chief Executive Brian Niccol said “caused a double-digit increase in our digital sales within the first few weeks” when it was introduced in Denver; and catering.

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