Chipotle (CMG) will post its first ever quarterly loss.
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Chipotle says it will report a loss of $1 per share.
Chipotle reports after the bell tomorrow Tuesday April 26th.
In January, same-store sales declined by 36.4%
In February, same-store sales declined by 26.1%
Chipotle has given away free burritos.
It’s had BOGO offers.
But 1 burrito, get 1 free.
It gave away free chips & guacamole for playing an online game.
Today it sent out a text.
Get a free burrito if you buy a $25 gift card at Chipotle’s before June 10th.
The E. Coli outbreak has drastically impacted earnings.
Last year it reported earnings of $2.88 per share.
Compare that with a projected loss of $1.04 per share.
Buffalo Wild Wings (BWLD) and Panera Bread (PNRA) also report after the bell Tuesday April 26th.
Panera Bread is benefiting from Chipotle’s problems.
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