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☆ Cava could be the next Chipotle. I've tried both chains and the battle is close.
▼ + stars: | 2023-10-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

Cava is billed as the Mediterranean version of Chipotle, and is stealing the burrito chain's fans. Gen Z loves Cava for its bold flavors while some Chipotle fans have grown tired of the fresh-Mex brand. We tried both Chipotle and Cava to see whose food is best. Cava, billed as a Mediterranean version of Chipotle, went public in June and is red hot. So, I set out to compare Cava and Chipotle in a head-to-head battle.

Persons: Gen Z, —, Chipotle, Cava, I've, doesn't, Chipotle's Organizations: Service Locations: Cava, Canada, France, Germany, Chipotle, Orange County , California

☆ Chipotle plans price increases after pausing hikes this year
▼ + stars: | 2023-10-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. The company did not share how much menu prices will rise as a result of the decision. The burrito chain started hiking its menu prices in June 2021, citing the cost of rising wages for its employees. But Chipotle paused its price hikes as some customers pulled back on restaurant spending and ingredient costs stabilized. Three months later, Niccol said Chipotle would reconsider its pricing as the company's fourth quarter drew closer.

Persons: King, King of Prussia, Laurie Schalow, Chipotle, Brian Niccol, Niccol Organizations: Corporate, CNBC, of Labor Statistics Locations: Prussia, King, King of Prussia , Pennsylvania

☆ Chipotle is raising prices for the 4th time in 2 years
▼ + stars: | 2023-10-10 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

It's the fourth time Chipotle has raised prices in the last two years. The increase meant some customers would pay more than $1 more for their entrees once the price increase took effect in August of the same year. Months before that, in the first quarter of 2022, Chipotle raised its prices by 4%. And Chipotle lovers sounded off in the comment section of a viral TikTok on "the downfall of Chipotle" in July. They recalled a time when their chicken burrito bowl only cost $7.99 — and longed for a taste of a Chipotle burrito from 2011.

Persons: It's, Chipotle, —, Laurie Schalow Organizations: Service, US Bureau of Labor Statistics, Bell Locations: Brooklyn

☆ Jim Cramer breaks down why he's bullish on Chipotle Mexican Grill stock
▼ + stars: | 2023-10-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: 1 min

Chipotle Mexican Grill (CMG) edged slightly higher Wednesday after Oppenheimer shared a positive outlook for the food operator's stock — a call CNBC's Jim Cramer agrees with. But that's still more than 20% higher than Tuesday's close. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. Chipotle has solid fundamentals, Cramer said, citing the pros of the company owning its restaurants directly rather than franchising them out like competitor McDonald's (MCD). Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, does not own Chipotle shares, but it does hold a position in Starbucks (SBUX).

Persons: Oppenheimer, Jim Cramer, that's, Jim Cramer's, Cramer Organizations: Grill, Cramer's Charitable Trust, CNBC Locations: Cramer's

☆ Chipotle tests automation for burrito bowls and salads
▼ + stars: | 2023-10-03 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Chipotle Mexican Grill is testing whether automation can make customers' burrito bowls and salads. It's the second time the burrito chain has publicly announced testing automation at its innovation center. Roughly two-thirds of all Chipotle digital orders are either burrito bowls or salads, according to Chipotle. The Hyphen robot will make burrito bowls and salads for digital orders only. Simultaneously, an employee can assemble digital orders for other items, such as tacos, quesadillas and burritos, on the digital make line.

Persons: Chipotle's, Sweetgreen, Jonathan Neman, Chipotle Organizations: Ono Locations: California

☆ A Chipotle manager repeatedly asked a teenage worker to remove her hijab and partially pulled it off when she refused to show him her hair, federal prosecutors say
▼ + stars: | 2023-10-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Kansas Chipotle manager repeatedly asked a Muslim teenage worker to remove her hijab, the EEOC saidThis culminated in the manager "forcibly" pulling it off her head to see her hair, the EEOC said. AdvertisementAdvertisementA Chipotle manager in Kansas repeatedly asked a Muslim worker to remove her hijab and "forcibly" pulled it off her head when she refused to show him her hair, the Equal Employment Opportunity Commission says. The assistant manager "continually" asked the worker, then 19, to remove her hijab and show him her hair despite her asking him to leave her alone, the EEOC wrote. The harassment reached a peak when the assistant manager tried to forcibly remove the worker's hijab, according to the EEOC. In August 2021, when staff were closing down the restaurant, the assistant manager "reached out, grabbed her hijab, and yanked," the EEOC said.

Persons: —, Chipotle didn't, Chipotle Organizations: Chipotle, Service, Commission, Kansas City Star Locations: Kansas, Lenexa

A federal agency has sued the restaurant chain Chipotle, accusing it of religious harassment and retaliation after a manager at a Kansas location forcibly removed an employee's hijab, a headscarf worn by some Muslim women. After several weeks, the harassment culminated in him grabbing and partially removing her hijab, according to the complaint. Chipotle's chief corporate affairs officer, Laurie Schalow, said the company encourages employees to report concerns, including through an anonymous hotline. One night during closing in August 2021, the manager allegedly reached out and pulled her hijab partially off her head. The lawsuit claims that Chipotle violated federal civil rights law protecting employees and job applicants from discrimination based on religion, race, ethnicity, sex and national origin.

Persons: Laurie Schalow, ”, Chipotle Organizations: Commission Locations: Kansas, Lenexa , Kansas

☆ Could Chipotle's burrito bowl robot crack down on customers' favorite portion-maximizing hacks?
▼ + stars: | 2023-09-25 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

That's compared to a human employee who can make about 20 to 30 bowls per hour, Hyphen told Insider. The internet is full of anecdotal stories about how ordering Chipotle online will yield lighter burrito bowls. AdvertisementAdvertisementSimmons told Insider employees are well aware of these so-called hacks. "Online orders would only be a fun thing if we were only doing online orders because you can just focus on that," she said. However, employees can often move back and forth from online orders to in-person customers, especially during rush hours.

Persons: we're, Daniel Fukuba, amandaarmagostt, Chipotle, Snopes, Amber Simmons, Simmons, Hyphen's Makeline Organizations: Service Locations: Wall, Silicon, Chipotle, New Jersey

☆ See Chipotle's new robots that can crank out nearly 200 burrito bowls an hour
▼ + stars: | 2023-09-22 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

Chipotle is working with Hyphen, a startup that uses robotics to make up to 180 bowls per hour. The chain is testing an automated kitchen line by Hyphen to prepare digital orders, a $3 billion business for Chipotle. But unlike other tech firms, Hyphen has buy-in from Chipotle, one of the industry's most innovative brands. Chipotle invested in Hyphen in 2022 and started piloting its robotics this year in a lab near the chain's Newport Beach, California, headquarters. Based in San Jose, California, Hyphen recently gave Insider an exclusive first look at how it uses robotics to make up to 180 bowls per hour.

Persons: Chipotle, Brian Niccol, Niccol Organizations: Service, Chipotle Locations: Wall, Silicon, Chipotle, Beach , California, San Jose , California

☆ From taking orders to cutting avocados, AI is solving the labor shortage problem for fast-food chains
▼ + stars: | 2023-09-14 | by ( Nancy Luna | ) www.businessinsider.com time to read: +8 min

Checkers & Rally'sLast year, Checkers & Rally's became one of the first big chains to implement widespread use of AI-powered voice assistants. Out of the 803 Checkers and Rally's restaurants, voice AI was live in 390 as of August. AdvertisementAdvertisementSoundHound, best known as a music-recognition app, has spent years perfecting its conversational voice AI bots. Sister burger chains Carl's Jr. and Hardee's also announced plans to test Presto's AI voice bots this year. Hardee's and Carl's Jr. are also testing voice AI bots by OpenCity.

Persons: DoorDash, Deloitte, Keyvan Mohajer, it's, Mohajer, Schier, Rally's, Domino's, ConverseNow, SoundHound, SoundHound's Mohajer, Beef, Chippy, Rebecca Harrington, McDonald's, Carl's Jr, Del, Carl's, Hardee's, Presto, Taco, Chris Turner, Turner, Taco Bell Organizations: Service, Chipotle, Industry, National Restaurant Association, Deloitte, Wingstop Tech, Anthony's, Slim, Dialog, Taco Bell, Taco, Yum Brands Locations: White, Wall, Silicon, McDonald's, Texas, California , Texas, Florida, Chicago, Thai, Newport Beach , California, Del Taco, Mexican, Southern California, Taco Bell's

☆ This restaurant stock is 'going back over $2,000,' according to Jim Cramer
▼ + stars: | 2023-09-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. The turnaround in Chipotle Mexican Grill 's (CMG) stock price has further runway ahead, CNBC's Jim Cramer said Tuesday. Chipotle stock "is going back over $2,000 [per share], and it's going to do it in a heartbeat," Cramer said. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. In the restaurant space, Cramer's Investing Club owns shares of Starbucks (SBUX).

Persons: CNBC's Jim Cramer, Cramer, It's, Baird, Chipotle, Jim Cramer's, LULU Organizations: Investing Club, Starbucks Locations: Miami , Florida, U.S

☆ Chipotle is paying $322,400 to settle allegations its DC locations let minors work more than 48 hours a week
▼ + stars: | 2023-08-29 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Chipotle is paying more than $300,000 to settle allegations of child labor in Washington, D.C.D.C. alleges Chipotle let minors work over 48 hours a week and more than six straight days a week. Chipotle denies the allegations, but will adopt policies to comply with child labor laws as part of a settlement. Schwalb's office began the investigation in May 2022 after seeing reports alleging Chipotle violated child labor laws in other jurisdictions, according to the release. The investigation identified more than 800 potential violations of the district's child labor laws dating back to April 2020. Chipotle was previously accused of child labor law violations in Massachusetts and New Jersey.

Persons: Chipotle, Brian L, Schwalb, Laurie Schalow Organizations: Service, Washington , D.C, Washington, New Jersey Department of Labor, National Labor Relations Board Locations: Washington ,, Wall, Silicon, Massachusetts, New Jersey, Augusta , Maine

☆ 3 trends are dividing restaurant companies into winners and losers
▼ + stars: | 2023-08-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

In this article CMGMCDWENPZZA Follow your favorite stocks CREATE FREE ACCOUNTA McDonald's restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBCRestaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers. While most restaurant companies crushed earnings expectations, a number of them fell short of Wall Street's estimates for their quarterly revenue. McDonald's and Wingstop both reported second-quarter earnings, revenue and same-store sales growth that topped analysts' expectations, a rarity this quarter for restaurant companies. One fast-casual chain has struggled with consumers' value perception.

Persons: Adam Jeffery, hasn't, Papa John's, TD Cowen, Andrew Charles, Burger, Wendy's, Jeffrey Bernstein, bode, Chris Kempczinski, Todd Penegor, Wingstop, Michael Skipworth, Chipotle, Jack Hartung, Noodles Organizations: CNBC Restaurant, Promotions, Investors, CNBC, Restaurant Brands, Barclays, Company Locations: NYC, Chipotle, Texas

☆ Gen Z eats fast food like no other generation. From a love for spicy food to constant snacking, these are 8 traits that define their dining habits.
▼ + stars: | 2023-08-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Rebhun said that El Pollo Loco's work with influencers "without a doubt" drove customers to the brand. Dickey said that Dickey's work with influencers – in particular those involved with food and sport – was "directly in response to millennial and Gen Z." "Any lingering traditional media that we do," like TV commercials, radio spots, and out-of-home ads, is "all for boomers and Gen X," she added. Execs told Insider it was "leveraging youth culture," including music, sport, influencers, and TikTok, to create an image of a "Gen Z-esque aspirational lifestyle." Wendy's has also been working with sports, gaming, and music companies to lure in Gen Zers, Loredo said.

Persons: Dickey, Rebhun, influencers, Carl Loredo, influencers –, Gen, Wingstop, Execs, Chipotle's Perdue, Zers, influencers Alexis Frost, Keith Lee, Chipotle, Wendy's, Loredo Organizations: El, El Pollo, Twitter Locations: Fortnite

☆ Cava and Sweetgreen see delivery orders fall as customers pick up their own food
▼ + stars: | 2023-08-16 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Delivery orders are typically more expensive, thanks to added fees and tips for delivery drivers. But delivery orders have also become an important contributor to restaurants' revenue because customers' receipt totals are higher. Cava's second-quarter sales growth wasn't hurt by softening delivery sales, but the Mediterranean chain's full-year forecast was cautious. After same-store sales growth of 28.4% for the first quarter and 18.2% for the second quarter, Cava is anticipating same-store sales growth of just 13% to 15% for the full year. Uber said its second-quarter delivery sales rose 14%, while DoorDash's total orders climbed 25%.

Persons: Sweetgreen, Mitch Reback, Cava, Tricia Tolivar, didn't, Uber Locations: Cava, North America

☆ McDonald's to launch a spinoff restaurant brand called CosMc's
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's to launch a spinoff restaurant brand called CosMc'sCNBC's Kate Rogers joins 'The Exchange' to discuss McDonald's announcing a spinoff brand in 2024, Chipotle's mobile order business, and SweetGreen's acquisition of a robotics startup indicating a pullback on labor costs.

Persons: Kate Rogers

☆ Despite Thursday's drop, Cramer predicts success for Chipotle
▼ + stars: | 2023-07-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said he sees success ahead for fast-food chain Chipotle, even though its stock got clobbered and dropped nearly 10% on Thursday. To Cramer, who has experience as a restaurant owner, some of the most important factors for success are traffic and throughput. The new grill can be only found in 10 high-volume Chipotle locations, Cramer said. Cramer grouped aerospace company Honeywell in with Chipotle as another stock that plunged on Thursday that he thinks will perform well in the future. And that's true for Chipotle, and it's true for Honeywell, just as it was true for Align when the stock rolled over last year," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Chipotle, should've Organizations: Honeywell Locations: Chipotle

☆ Chipotle says customers can't get enough of its Chicken al Pastor – and it means it's having to spend less on pricier beef
▼ + stars: | 2023-07-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Chipotle says its limited-edition Chicken al Pastor is boosting sales and attracting new customers. Chicken al Pastor was added to its menus in March, and according to CEO Brian Niccol, one in five customer orders at the chain now include the protein. "We've got a benefit because Chicken al Pastor has really shifted some of our customers from the more expensive beef into the less expensive chicken," CFO Jack Hartung said in an earnings call on Wednesday. Chicken al Pastor isn't just cheaper for Chipotle to make, it's also helping to attract new customers, the company said. Plus, it was a fairly straightforward dish to launch because it's made using Chipotle's existing adobo chicken, which is then mixed in an al pastor marinade.

Persons: Chipotle, al, –, al Pastor, Brian Niccol, We've, Jack Hartung, Price, isn't, it's, marinade, morita, Niccol Organizations: Service, Bureau for Labor Statistics Locations: Wall, Silicon, Canada, Germany, France

[1/2] The logo of Chipotle is seen on one of their restaurants in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File PhotoJuly 26 (Reuters) - Chipotle Mexican Grill (CMG.N) missed Wall Street estimates for quarterly sales on Wednesday as a pause in months-long price hikes hurt its top line, sending the company's shares down nearly 9% in extended trading. California-based Chipotle also projected current-quarter comparable sales to grow in the low- to mid-single-digit range, while analysts on average expected a 6.01% increase. Like other restaurants, Chipotle has hiked menu prices to offset the impact of higher input costs of everything from beef to potatoes. Chipotle was not seeing any weakness in the lower-income consumer despite high inflation, CEO Brian Niccol said in a post-earnings call.

Persons: Andrew Kelly, Chipotle, Brian Niccol, Scott Boatwright, Peter Saleh, Sante Faustini, Deborah Sophia, Devika Organizations: REUTERS, Intelligence, Science, Thomson Locations: Manhattan , New York City, U.S, California, Bengaluru, Kailyn Rhone, New York

☆ Chipotle CEO says the 'Autocado' robot prototype makes workers' jobs easier
▼ + stars: | 2023-07-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Chipotle CEO Brian Niccol sat down with CNBC's Jim Cramer on Wednesday to discuss the Mexican fast food chain's earnings and the "Autocado" robot prototype. "And, frankly, our supply chain team, our operators, have done a great job of managing labor, managing costs along the way." Niccol also touted Chipotle's "Autocado" robot prototype. He said the 'Autocado' not only makes workers' jobs easier, but it allows them to recover faster if they find they haven't prepared enough guacamole for the day. "We challenged our team to come up with a robotic or an automated solution, and we've got one that's a prototype, it's the 'Autocado,'" Niccol said.

Persons: Brian Niccol, CNBC's Jim Cramer, Niccol, Chipotle, he'd, prepping, we've

☆ Chipotle CEO Brian Niccol sits down with Jim Cramer after reporting Q2 earnings
▼ + stars: | 2023-07-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Chipotle CEO Brian Niccol sits down with Jim Cramer after reporting Q2 earningsChipotle Chairman and CEO Brian Niccol sits down with 'Mad Money' host Jim Cramer to talk quarterly results and why he says he is proud of Chipotle's performance.

Persons: Brian Niccol, Jim Cramer

☆ Chipotle sales rise but fall short of Wall Street's expectations
▼ + stars: | 2023-07-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Chipotle Mexican Grill on Wednesday reported quarterly earnings that crushed expectations, but the burrito chain's sales fell short. The company's same-store sales grew 7.4%, falling shy of StreetAccount estimates of 7.5%. The company reiterated its full-year forecast of same-store sales growth in the mid- to high-single digit range. However, for the third quarter, Chipotle anticipates same-store sales growth in the low- to mid-single digit range. Wall Street is anticipating same-store sales next quarter of 5.9%, according to StreetAccount.

Persons: Chipotle Organizations: Refinitiv, burrito Locations: New York

☆ Chipotle CEO Brian Niccol: We're really proud of our results
▼ + stars: | 2023-07-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChipotle CEO Brian Niccol: We're really proud of our resultsChipotle Chairman and CEO Brian Niccol sits down with 'Mad Money' host Jim Cramer to talk quarterly results and why he says he is proud of Chipotle's performance.

Persons: Brian Niccol, We're, Jim Cramer

☆ Chipotle is becoming a huge hit in small towns, and it's hurting chains like Chick-fil-A, McDonald's, and Texas Roadhouse
▼ + stars: | 2023-07-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Now, it's expanding to small towns and hurting chains like Chick-fil-A, according to Placer.ai. Popular steak house chain Texas Roadhouse, which is 1.6 miles from the new Chipotle, saw year-over-year traffic slide by 5.27% in April and by 3.92% in May 2023. A Chick-fil-A less than a mile from Chipotle, saw foot traffic decrease four out of five weeks in May, Placer.ai reports. "I don't see how Chipotle's brand can transfer to small towns." Chipotle isn't betting all of its growth on small towns.

Persons: Chipotle, Placer.ai, Jack Hartung, Tim Powell, Zers, Powell Organizations: Service, Wall Street, Placer.ai, Texas, X Locations: Wall, Silicon, Chipotle, America, Texas, San Angelo , Texas, The Texas, McDonald's, Covington , Louisiana, Camden , Delaware, Washington, Canada, France, Germany

☆ Chipotle signs first-ever franchise partner to open locations in the Middle East
▼ + stars: | 2023-07-18 | by ( Kate Rogers | ) www.cnbc.com time to read: +1 min

Chipotle announced Tuesday it has signed an agreement with Kuwait-based Alshaya Group, its first-ever franchise partner, to open locations in the Middle East next year. The Alshaya agreement marks the first time Chipotle has enlisted a local franchise retail operator as it moves into a new market. Chipotle CEO Brian Niccol told CNBC in an interview that the initial plan calls for two locations each in Dubai and Kuwait, with exact locations yet to be determined. "They've got great brands, great operations, great people programs, which just gave us confidence that they'd be able to execute the Chipotle proposition effectively in the Middle East," Niccol said. In evaluating the Middle East market, Niccol said it was important to partner up to ensure success in everything from real estate to hiring to supply chain.

Persons: Chipotle, Brian Niccol, Niccol, They've, they'd Organizations: Group, CNBC, Starbucks, Texas Locations: Chicago, United States, Kuwait, Canada, Europe, U.S, Dubai, Shack

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