Chipotle Mexican Grill (CMG) reports its latest quarterly results after the bell Wednesday, with analysts expecting revenue and profits to rise year-over-year in the chain's first earnings result since its 澳洲幸运5官方开奖结果体彩网:50-for-1 stock split last month.

Analysts expect Chipotle's revenue to rise 17% from year-over-year to $2.94 billion, with profits projected to rise about 28% to $437.8 million, according to estimates compiled by Visible Alpha.

Baird analysts wrote Sunday that they believe the chain is well-positioned to continue posting earnings beats despite an "otherwise difficult 澳洲幸运5官方开奖结果体彩网:consumer spending backdrop" that has affected much of the economy, including 澳洲幸运5官方开奖结果体彩网:some of Chipotle's competitors.

However, the Baird analysts noted that some indicators show demand "softening" earlier this month.

Key Metric: Comparable-Store Sales

Chipotle's last two 澳洲幸运5官方开奖结果体彩网:quarterly results have been lifted by higher 澳洲幸运5官方开奖结果体彩网:comparable-store sales, thanks to higher prices and 澳洲幸运5官方开奖结果体彩网:increased foot traffic. Baird analysts wrote that the company's results should continue to be boosted by Chipotle's "strong and improving valu💦e proposition."

The analysts noted that while Chipotle has raised prices, it has done so at a lower rate than most of the industry: The analysts found that the cost of a chicken burrito, the chain's most popular item, has risen at a slower rate than the 澳洲幸运5官方开奖结果体彩网:consumer price index's (CPI) "food away from home" inflation pace over the last dꩵecade.

Business Spotlight: Performance Since Split, Announces CFO Ret🍸irement

The company announced earlier this month that longtime 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Jack Hartung is retiring next year, with his replacement, current Vice President of Finance Adam Rymer, set to assume the position in January. Hartung, who has been Chipotle's CFO since 2002, will stay with the company through March.

Chipotle 澳洲幸运5官方开奖结果体彩网:completed its 50-for-1�💧� stock split last month. The company said it wanted to make the stock more accessible to employees and a wider💝 range of investors.

Shares of Chipotle were little changed Monday. They have moved almost 20% lower s🌸in🔯ce the split took effect June 26.