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Tag: chipotle

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimates

An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order …

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Chipotle continues heating up digital sales with delivery partnership

Get great content like this right in your inbox. Subscribe Chipotle Mexican Grill is expanding its U.S. on-demand delivery footprint with a major third-party platform. Chipotle is launching a fully integrated partnership with Grubhub to provide efficient, seamless delivery. Available now, customers can order from U.S. Chipotle locations through the Grubhub app website. Digital orders …

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Chipotle is developing brisket but new menu items are on hold for now

Chipotle Mexican Grill is developing new menu items — such as brisket and cauliflower rice — but customers won’t be able to try them until the coronavirus pandemic ends. “Our culinary guys are still hard at work, but obviously a lot of these things are going to be delayed where we are right now,” CEO Brian Niccol said …

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Chipotle founder Steve Ells steps down from board, CEO Niccol adds chairman title

Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Chipotle Mexican Grill founder Steve Ells has stepped down from the chain’s board and relinquished his title of executive chairman after current CEO Brian Niccol was named chairman. “Brian has proven that he is absolutely the right person to lead Chipotle forward and I’ve …

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Chipotle is replacing its queso with a new recipe

Chipotle Queso Blanco Source: Chipotle Mexican Grill Chipotle Mexican Grill will launch its queso blanco on Thursday as a replacement for its current version of the cheese sauce as the restaurant chain tries to find a recipe that will better resonate with consumers. Queso blanco marks the third new national menu addition under CEO Brian …

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Chipotle Mexican Grill (CMG) earnings Q4 2019 beat estimates

Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts’ expectations as its limited-time carne asada drove customers to its restaurants. Shares of the company rose 1% in extended trading. Ahead of its earnings release, the stock hit an all-time high of $890.17 during morning trading Tuesday. Here’s what the company reported compared with what Wall …

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Chipotle CEO says customers will have to keep waiting for breakfast burritos

Chipotle Mexican Grill CEO Brian Niccol said its customers will just have to keep waiting if they want a breakfast burrito, even as Wendy’s and other competitors launch morning menus. “Maybe down the road, there’s an opportunity for us to extend our hours earlier into the day, but I think there are just a lot …

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Check out Chipotle’s new digital-friendly restaurant design

Get great content like this right in your inbox. Subscribe Chipotle Mexican Grill is piloting new store features to reduce friction and increase convenience for customers and drivers picking up digital orders. The fast-casual chain is testing its new design in four new restaurants of the following types: an urban storefront, a standalone restaurant with …

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Chipotle is testing a new restaurant design to maximize digital growth

Exterior of a redesigned Chipotle restaurant Source: Chipotle Mexican Grill Chipotle Mexican Grill announced Thursday that it is testing a different design for its restaurants as its digital business keeps growing. Restaurants in Chicago, Cincinnati, Phoenix, Newport Beach and San Diego will be part of the test. Both new and existing locations will be involved …

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Chipotle staged a comeback. Here’s how it will keep the growth going

Chipotle Mexican Grill‘s stock is one of the top performers on the S&P 500 so far this year as investors continue to applaud the chain’s comeback under CEO Brian Niccol. The stock, which has a market value of $20.9 billion, is up 74% this year, as of Monday’s close. Shares are trading down less than …

Chipotle staged a comeback. Here’s how it will keep the growth goingRead More