Chipotle is about to report earnings. Here's what to expect
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Chipotle is set to report its fourth-quarter earnings, with analysts expecting earnings per share of 24 cents and revenue of $2.96 billion. The company's stock has dropped 33% over the past year, reducing its market value to $51 billion. Traffic to Chipotle restaurants has been declining, with a projected 3% drop in same-store sales this quarter. CEO Scott Boatwright noted ongoing macroeconomic pressures affecting consumer visits. Investors will be keen to hear the company's full-year forecast during the earnings call scheduled for 4:30 p.m. ET.
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