Operator: Good evening and welcome to the Texas Roadhouse Second Quarter Earnings Conference Call. Today’s call is being recorded. All participants are now in a listen-only mode.
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While analysts are busy raising estimates ahead of Chipotle’s earnings results next week, the burrito chain is setting its sights outside the US with its first franchised restaurants. Chipotle Mexican Grill CMG –0.65% (ticker: CMG) announced Tuesday it will open its first locations in Kuwait and Dubai next year, via a partnership with franchise group Alshaya Group. The firm already operates other US eateries abroad, including Starbucks (SBUX) and Shake Shack (SHAK), as well as retailers such as American Eagle Outfitters (AEO).
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