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☆ Chipotle's prices vary across the US. Here's how to see the difference.
▼ + stars: | 2024-10-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

One patron pulled pricing data and found some wide differences between Chipotle locations. It shows that the same meal can cost up to 40% more at some Chipotle locations than others. "Me and my friends loved going to Chipotle," Cohen said. It's common for prices to vary at US restaurants depending on the cost of living where they're situated. A five-minute drive away, another Chipotle location was charging $10.95 for the same order when Cohen pulled the data.

Persons: Chipotle, —, Adam Cohen, Cohen, — Cohen, Chicken Al Pastor, Adam Cohen Adam Cohen Cohen, chipotlecost.com, I've Organizations: Service, Binghamton University, East, Taco, Purdue University, West Lafayette Chipotle Locations: New York, —, West Lafayette , Indiana, The Bronx, New York City, West Lafayette, Brea , California, West Coasts, Los Angeles, San Francisco, Ohio, Oklahoma, taconomical.com, Taco Bell, Indiana, West, Chipotle

☆ Chipotle’s CEO weighs in on the burrito bowl portion size debate
▼ + stars: | 2024-07-24 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Customers on social media have been furious with Chipotle for allegedly skimping on its burrito bowl portions this year. “First, there was never a directive to provide less to our customers,” CEO Brian Niccol said during an earnings call Wednesday. In June, a Wells Fargo analyst ordered and weighed 75 Chipotle burrito bowls with white rice, black beans, chicken, pico de gallo, cheese and lettuce across eight Chipotle locations in New York City. The bowls weighed roughly the same for in-store orders and online orders, but some locations served bowls that weighed 33% more than other locations. Some burrito bowls went to extremes, with one topping out at 27 ounces in one location, and a meager 14 ounces in another.

Persons: Chipotle, Brian Niccol, ” Niccol, pico de, ” Niccols, Nathaniel Meyersohn Organizations: New, New York CNN Locations: New York, Wells, New York City

☆ Chipotle earnings and revenue top estimates, restaurant traffic rises again
▼ + stars: | 2024-07-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts' expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose about 13% in extended trading before losing most of those gains and settling around 3% higher. The company's same-store sales rose 11.1% in the quarter, topping StreetAccount estimates of 9.2%. Chipotle opened 52 new company-owned locations and one new international licensed restaurant during the quarter. The company reiterated its full-year outlook that same-store sales will grow by a mid- to high-single-digit percentage.

Persons: Chipotle, Brian Niccol, Niccol Organizations: LSEG, Executives, PepsiCo, McDonald's Locations: Texas

☆ Chipotle customers are roasting the chain for its portion sizes — and filming their orders in hopes of getting more food
▼ + stars: | 2024-05-28 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In response, they're pulling out their smartphones as Chipotle employees add chicken al pastor, steak, or another one of their preferred proteins to their order. In the video, Lee samples multiple Chipotle items, including a bowl he ordered with chicken al pastor. "There have been no changes in our portion sizes, and we have reinforced proper portioning with our employees," Chipotle Chief Corporate Affairs and Food Safety Officer Laurie Schalow told Business Insider. Chipotle hasn't given employees instructions on what to do when customers start filming, a spokesperson added.

Persons: —, guacamole isn't, influencer Keith Lee, Lee, fajita veggies, Chipotle, Laurie Schalow, Schalow Organizations: Service, Business, Corporate Affairs, Food Locations: Chipotle

☆ You can't get bananas at Starbucks anymore, and no one seemed to notice for over a year
▼ + stars: | 2023-09-06 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Starbucks removed both fresh and frozen bananas from its US menus in May 2022. Other chains have been streamlining their menus by removing complicated items. Starbucks has stopped selling bananas, removing both fresh and frozen bananas from its US menus in May 2022, a spokesperson for the coffee giant told Insider. Some Reddit users who say they worked at Starbucks stores said the bananas would sell poorly, go "gross," and attract fruit flies. A few said that their stores made the move to discontinue bananas before Starbucks management decided to stop sales nationally.

Persons: McDonald's, Chipotle, al, marinade Organizations: Starbucks, Service, Subway Locations: Wall, Silicon

☆ 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

☆ Chipotle Mexican Grill misses sales estimates as inflation hits demand
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Chipotle Mexican Grill (CMG.N) missed Wall Street estimates for quarterly sales on Wednesday, signaling that demand for its rice bowls and burritos was losing steam in the face of higher menu prices and waning household budgets. Like other restaurants, Chipotle has also hiked menu prices to offset the impact of higher input costs of everything from beef to potatoes, deterring lower-income customers from ordering its pricier meals. Comparable sales at the restaurant chain rose 7.4% in the second quarter, compared with analysts' average estimate for a 7.59% increase, according to Refinitiv IBES data. Total revenue rose 13.6% to $2.51 billion in the three months ended June 30, also below estimates of $2.53 billion. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: burritos, Chipotle, Deborah Sophia, Devika Organizations: Thomson Locations: Bengaluru

☆ Chipotle Mexican Grill's restaurant traffic grows as the chain proves its pricing power
▼ + stars: | 2023-04-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Like McDonald's , Chipotle said traffic to its restaurants grew during the first quarter despite higher menu items. Chipotle Mexican Grill on Tuesday reported quarterly earnings and revenue that topped analysts' expectations, fueled by better than expected same-store sales growth. In February, executives said January's same-store sales grew by double digits. Looking to the rest of the year, Chipotle is anticipating same-store sales growth in the mid-to-high single digits. It's expecting the same range for its second-quarter same-store sales growth, roughly in line with StreetAccount estimates of 5.8%.

The short-lived fight nonetheless underscores the lengths at which scrappy restaurant operators will go to chase consumer dollars. For restaurants that have been open longer than 13 months, Chipotle’s sales grew faster than Sweetgreen’s in the fourth quarter. That could explain why Chipotle’s valuation, at nearly 5 times forward sales, is more than double that of Sweetgreen’s. Follow on @sharonlam_ TwitterCONTEXT NEWSChipotle Mexican Grill sued rival U.S. take-out chain Sweetgreen for violating its trademarks rights in a similarly branded burrito bowl on April 4, leading to a prompt settlement. Chipotle had argued that Sweetgreen’s “Chipotle Chicken Burrito Bowl” violated its trademark rights.

The short-lived fight nonetheless underscores the lengths at which scrappy restaurant operators will go to chase consumer dollars. For restaurants that have been open longer than 13 months, Chipotle’s sales grew faster than Sweetgreen’s in the fourth quarter. Sweetgreen billed itself as a tech innovator when it first went public and acquired robotic-kitchen company Spyce back in 2021. Follow on @sharonlam_ TwitterCONTEXT NEWSChipotle Mexican Grill sued rival U.S. take-out chain Sweetgreen for violating its trademarks rights in a similarly branded burrito bowl on April 4, leading to a prompt settlement. Chipotle had argued that Sweetgreen’s “Chipotle Chicken Burrito Bowl” violated its trademark rights.

☆ Chipotle misses quarterly sales estimates as traffic stalls
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) missed quarterly comparable sales expectations on Tuesday, in a sign that price hikes are taking a toll on demand for the restaurant's burritos and rice bowls. Visits to Chipotle restaurants fell 10.2% in the fourth quarter, according to data from Placer.ai. Comparable sales at the California-based chain rose 5.6% in the fourth quarter ended Dec. 31, while analysts on average expected a 7.1% rise, according to Refinitiv IBES. Revenue rose to $2.18 billion from $1.96 billion in the quarter, missing estimates of $2.23 billion. Some investors are worried about the cadence of falling traffic in 2022, analysts at Cowen said in a research note.

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