DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Hartung"


15 mentions found


☆ Chipotle misses profit as high prices bite into delivery orders, traffic
  + stars: | 2023-02-07 | by ( Hilary Russ Uday Sampath Kumar | Hilary Russ | Uday Sampath Kumar | ) www.reuters.com   time to read: +3 min
Feb 7 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) missed quarterly comparable sales and profit expectations on Tuesday, as customers pulled back on expensive delivery orders and traffic stalled in December. Comparable sales at California-based Chipotle rose 5.6% in the fourth quarter ended Dec. 31, while analysts on average expected a 7.1% rise, according to Refinitiv IBES. Visits to Chipotle restaurants fell 10.2% in the fourth quarter, according to data from Placer.ai. Delivery transactions also tumbled 15% as in-store orders surged, and Chipotle restaurants "didn't see that pop" that they normally get in December around the holidays, Chief Financial Officer Jack Hartung said on the call. We think inflation will be reasonably tame," Hartung said, adding that the company had not yet decided whether to raise menu prices further in 2023.
☆ Chipotle customers are finally balking at higher delivery prices
  + stars: | 2023-02-07 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +3 min
In 2021, Chipotle reached $3.4 billion in digital sales. Delivery orders for the latest quarter decreased by 15% amid delivery prices hikes made last year. Chains like Chipotle often mark up menu prices for delivery orders to offset fees paid to third-party delivery operators like DoorDash. In the third quarter of 2022, delivery prices at Chipotle increased 13% compared to the same period in 2021, the company previously told Insider. The same meal costs $11.50 for delivery plus a $1 delivery fee and $3.37 in taxes and service fees.
☆ The green transition is bringing lots of different opportunities, Bosch CEO says
  + stars: | 2023-02-06 | 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 EmailThe green transition is bringing lots of different opportunities, Bosch CEO saysStefan Hartung, CEO of Bosch, joins CNBC to discuss the earnings from the home appliances giant.
☆ Bosch says Chinese recovery is key to 2023
  + stars: | 2023-02-03 | by ( ) www.reuters.com   time to read: +2 min
BERLIN/STUTTGART, Feb 3 (Reuters) - German automotive supplier Bosch considers recovery in China as key to success this year, it said on Friday, steering clear of concrete forecasts despite reporting a more than 15% jump in full-year operating profit. It was hugely dampened last year," Chief Executive Stefan Hartung said of the Chinese market, adding that he expects the European and U.S. economies to weaken because of rising interest rates. Demand in 2022 remained weaker than before the pandemic, but Bosch sales benefited from strong demand for climate-friendly technology from carmakers and those seeking alternative fuel sources to Russian gas, the private company said. "Despite semiconductor shortages and a weak economy, all business sectors were able to increase their sales," said finance chief Markus Forschner. Pushed by Germany's attempt to wean itself off Russian gas, demand for energy efficient heat pumps rose last year, with sales jumping 50%, Bosch said, adding that it will expand its manufacturing capacity for heat pumps in Europe.
☆ Bosch to invest a billion dollars on EV parts centre in Suzhou, China
  + stars: | 2023-01-13 | by ( Diksha Madhok | ) edition.cnn.com   time to read: +1 min
New Delhi CNN —Bosch, the German engineering and technology company, is planning to invest $1 billion to make components for new energy vehicles in China, the world’s largest car market. The company plans to build a research, development and manufacturing facility for parts for new energy vehicles and automated-driving technology in Suzhou, a city in the country’s east, Bosch said in a statement on Thursday. It plans to invest around $1 billion in the project over the next years, the statement added. “China is the world’s largest auto market, full of promise and vitality. Bosch has had a presence in China since 1909 and employs around 55,000 people in the country.
☆ CFOs Ponder Their Pricing Power as the Economy Cools
  + stars: | 2023-01-09 | by ( Jennifer Williams-Alvarez | Dean Seal | ) www.wsj.com   time to read: +7 min
After a year of significant price increases, companies are trying to figure out how far they can go in 2023. However, pricing experts said, consumers and businesses will likely pull back on discretionary spending and will be less tolerant of price increases as they become mindful of their budgets. The Katy, Texas-based retailer takes an item-by-item approach to price increases. Customers haven’t balked at higher price tags, Ms. Huber said in late October. Still, the company said the aggressive price hikes in 2022 haven’t yet had a significant impact on consumers’ behavior.
☆ NFL player J.J. Watt blasts Chipotle on Twitter: 'We want big burritos back'
  + stars: | 2022-12-13 | by ( Mary Meisenzahl | ) www.businessinsider.com   time to read: +3 min
Arizona Cardinals player J.J. Watt called out Chipotle for shrinking burrito sizes on Twitter. Some customers have been complaining about Chipotle's portion sizes for years. Pro-bowler and Arizona Cardinals defensive end J.J. Watt tweeted Sunday "Burritos have been getting smaller…," writing that he wanted to "open dialogue" with Chipotle. "We want big burritos back," he wrote, adding hashtags including "Burrito justice," "Still hungry," and "This is supposedly double meat." If its portion sizes are getting smaller, Chipotle wouldn't be the only retailer to do so.
☆ McDonald's opens US's first small-format location that's optimized for delivery and mobile orders
  + stars: | 2022-12-02 | by ( Mary Meisenzahl | ) www.businessinsider.com   time to read: +3 min
It includes an order-ahead lane where customers can drive up and retrieve mobile orders from a conveyer belt. Drive-thru and mobile orders are both critical to McDonald's business: About 25% of US sales are digital through the app, kiosk, or delivery orders, McDonald's says, and 70% of orders go through the drive-thru. Chipotle just opened its 500th Chipotlane, which operates like the order-ahead line in the McDonald's test store. Taco Bell has also opened Go Mobile restaurant formats with drive-thru lanes dedicated to mobile orders. McDonald's test is limited for now to the one location in the Fort Worth suburb called White Settlement.
☆ Cisco to open new chip design center in Barcelona, Spain says
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: 1 min
Bosch CEO sees inflation weighing on margins but could ease chip shortage, article with imageTechnology · November 10, 2022 · 7:22 AM UTCGerman auto supplier Bosch (ROBG.UL) sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation, CEO Stefan Hartung said on Wednesday.
☆ Bosch CEO sees inflation weighing on margins but could ease chip shortage
  + stars: | 2022-11-10 | by ( Victoria Waldersee | ) www.reuters.com   time to read: +2 min
BERLIN, Nov 10 (Reuters) - German auto supplier Bosch (ROBG.UL) sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation, CEO Stefan Hartung said on Wednesday. Even then, Bosch would be far below its target margin of 7%, Hartung said. The CEO said it was too soon to know how Europe's gas supply situation would affect the company long-term given the unknowns around which pipelines would come online in time for next winter. "It is good that business is being listened to in this situation," Hartung said. Bosch announced on Wednesday a new partnership with U.S.-based IBM to use quantum computing to establish which materials could replace critical minerals for carbon-neutral powertrains.
☆ Germany's Bosch partners with IBM in quantum computing
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +1 min
[1/2] The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn OgirenkoFRANKFURT, Nov 9 (Reuters) - Germany's Bosch (ROBG.UL) is partnering with IBM in the field of quantum computing, hoping to use simulation technology to find surrogates for precious metals and rare earths in carbon-neutral powertrains within the next decade. "We share our experience in simulating materials for very specific application areas with IBM, and in return we gain deeper insights into the power and applicability of quantum computing including hardware," Bosch Chief Executive Stefan Hartung said. Overall, Bosch is investing 10 billion euros ($10 billion) in digitalisation and connectivity by 2025, with new technologies focused on sustainability and mobility accounting for two-thirds. ($1 = 0.9927 euros)Reporting by Christoph Steitz; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
☆ Chipotle workers say 'Boorito' was a flop this year because of high prices
  + stars: | 2022-11-01 | by ( Mary Meisenzahl | ) www.businessinsider.com   time to read: +3 min
Seven workers told Insider that their stores were slower than expected. Seven Chipotle workers across the US told Insider that their stores saw lower traffic than expected and didn't meet sales projections. This is in complete contrast to 2021, when workers told Insider about long lines, staying late to finish cleaning, and even some workers walking off the job. Outside of the Boorito promotion, Chipotle has raised prices several times over the last year and a half, most recently in August, when the chain raised prices for a burrito by about 50 cents to $1 each. In the first quarter of 2022, Chipotle raised menu prices by 4%, CFO Jack Hartung told investors.
☆ More Chipotle customers are ordering in-store, while the chain keeps investing in digital and drive-thru
  + stars: | 2022-10-26 | by ( Mary Meisenzahl | ) www.businessinsider.com   time to read: +2 min
Chipotle saw a huge bump in in-store sales as digital sales dropped slightly. In-store sales were up 22% in the third quarter of 2022 over the same period in the previous year, while digital sales were down 6% to make up 37% of all sales. Despite tides turning a bit toward more in-store orders, Chipotle is still investing in digital infrastructure. Chipotle has been especially optimistic about digital sales through its so-called Chipotlane drive-thrus, of which there are now more than 300. After two years as a digital promotion, the Halloween Boorito promotion is returning to stores this year.
☆ Chipotle says customers aren't skipping guac or choosing cheaper proteins despite price increases
  + stars: | 2022-10-26 | by ( Mary Meisenzahl | ) www.businessinsider.com   time to read: +3 min
Chipotle's CEO says customer orders have remained "consistent" despite price increases. Chipotle raised prices in August following two earlier increases in the last 18 months. Most customers aren't changing their regular orders or switching to less expensive proteins, he said. In the first quarter of 2022, Chipotle raised menu prices by 4%, CFO Jack Hartung told investors on an earlier call. Sales continue to grow faster than price increases, up 14% in the third quarter over the same period in 2021.
☆ Papa John's is the latest employer to offer free college for frontline workers
  + stars: | 2022-09-28 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +3 min
In this article CTRN Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn a war for talent, employers are drastically expanding their benefit offerings to attract and retain workers. More from Personal Finance:Inflation and higher rates are a ‘dangerous mix’Companies are slashing parental leave benefitsHere are the 'most employable' college degrees "Wherever you can differentiate yourself is pretty critical," said Marvin Boakye, Papa John's chief people and diversity officer. Now, nearly half, or 48%, of employers said they offer undergraduate or graduate tuition assistance as a benefit. "We're seeing it shift a little in how they are thinking about attracting talent," according to Buban. "The majority of our leadership team were delivery drivers and moved up through the organization," Papa John's Boakye said.
<< prev 1 next >>
Total: 15