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Following Niccol’s departure, shares of Chipotle tumbled, but are now up by more than 47% year over year. “We know that portioning is a core equity of ours in the organization,” Boatwright ...
Chipotle said in its third quarter earnings call in October that food, beverage and packaging costs in the third quarter of 2024 were 30.6% of total revenue, an increase from 29.7% in the third ...
Despite these complaints, Chipotle reported a total revenue increase of 18.2% to $3.0 billion this quarter compared to the second quarter of 2023. The chain also opened 52 new company-operated ...
Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes. Chipotle’s chief corporate affairs officer, Laurie Schalow, confirmed Friday ...
The post-Brian Niccol era is underway at Chipotle Mexican Grill (NYSE: CMG), and it's off to an inauspicious start.. Shares of the burrito chain are down about 8% since the company missed top-line ...
Chipotle confirmed it is raising prices for the fourth time in two years in order to "offset inflation."
Chipotle posted a restaurant-level operating margin of 25.5% last quarter, down from 26.3% a year ago. Overall, Chipotle posted a mixed third quarter print after a string of winning quarters.
Niccol addressed customer concerns over portion sizes in a July 24 second-quarter earnings call, where he said more than 10% of Chipotle’s 3,500 locations had “outlier portion scores” and ...