+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

LIVE: Chipotle reports earnings

Apr 27, 2016, 01:35 IST

Via Flickr

Chipotle is set to announce its first-quarter results around 4:30 p.m. ET.

Advertisement

The fast-food chain is set to report another quarter of plunging sales, following disease outbreaks that were first linked to its food last year.

Analysts forecast that Chipotle will report a loss of $1.05 per share, and revenues of $863.3 million, according to Bloomberg. Comparable-store sales - at locations open for more than one year - are estimated to fall 28.4%.

This weakness extends several months of declining sales and is the result of cases of E. coli in 14 states were linked to Chipotle's burritos and bowls. There's also a federal criminal investigation related to a norovirus outbreak in California.

The company has given away a lot of free food to lure customers back.

Advertisement

We'll have the latest once the earnings cross, so refresh this page for updates.

NOW WATCH: These striking images show just how overcrowded China's population really is

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article