DIRS.INFO The most relevant business & tech news

☆ I ate at Cava and Chipotle, and I can see why Gen Z has crowned a new fast-casual king
▼ + stars: | 2023-10-31 | 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. Newcomer Cava, a Mediterranean fast-casual concept, is now turning heads and stealing the hearts of Gen X diners. Cava, billed as a Mediterranean version of Chipotle, went public in June and is red hot.

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

☆ McDonald's, Chipotle to raise menu prices in California next year as fast-food wages rise to $20
▼ + stars: | 2023-10-30 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

McDonald's and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state's minimum wage increase for fast-food workers, executives said as both chains announced quarterly earnings in recent days. McDonald's has not decided how much it will hike prices in California as workers' wages rise to $20 an hour, CEO Chris Kempczinski said Monday. Restaurants have been hiking menu prices for more than two years in response to rising ingredient and labor costs. Unlike Chipotle, which owns the overwhelming majority of its locations, most of McDonald's California locations are run by franchisees. "We believe we're in a better position than our competitors to weather this, so let's use this as an opportunity to actually accelerate our growth in California," Kempczinski said.

Persons: McDonald's, Chris Kempczinski, Chipotle, Jack Hartung, Hartung, Kempczinski Organizations: U.S . Bureau of Labor Statistics, McDonald's, National Owners Association, U.S, CNBC Locations: California, McDonald's, McDonald's California, McDonald's U.S

☆ Chipotle workers have to start as early as 6 a.m. to prep food even though the restaurants don't open for 4 more hours
▼ + stars: | 2023-10-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Shifts for prep workers at Chipotle can start as early as 6 a.m., CEO Brian Niccol told investors. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementPrep workers at Chipotle have to start work as early as 6 a.m. to get food ready for when the restaurants open, company execs revealed at its third-quarter earnings call Thursday. Niccol told investors that Chipotle's staffing and turnover were "back to or better than pre-pandemic levels."

Persons: Brian Niccol, mashing, Chipotle, —, execs, Niccol, Brandon Bell, Chipotle execs Organizations: Service Locations: Chipotle

☆ Chipotle Mexican Grill easily tops earnings estimates, as price hikes help offset higher food prices
▼ + stars: | 2023-10-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Chipotle Mexican Grill on Thursday reported quarterly earnings that beat expectations, helped by higher menu prices for its burritos and bowls. Shares of the company rose more than 5% in extended trading. Earlier this month, Chipotle raised menu prices for the first time in more than a year, citing inflation. Same-store sales rose 5%, beating StreetAccount estimates of 4.6%. The company credited higher transactions and menu prices for the quarter's same-store sales growth.

Persons: Chipotle, Brian Niccol Organizations: LSEG Locations: Chicago , Illinois

☆ Chipotle quarterly results shine as burrito cravings defy high prices
▼ + stars: | 2023-10-26 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

[1/3] People are served in a Chipotle outlet in Manhattan, New York City, U.S., February 7, 2022. Chipotle said it has not seen any material impact from weight-loss drugs. While consumers taking weight-loss treatments consume fewer calories, "it's important the calories they do consume are coming from clean food. Chipotle forecast fourth-quarter comparable sales growth in the mid- to high-single-digit range, compared with estimates of a 5.38% rise. Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra Eluri and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Brian Niccol, Chipotle, Sante Faustini III, we're, Niccol, Deborah Sophia, Krishna Chandra Eluri Organizations: REUTERS, Thomson Locations: Manhattan , New York City, U.S, California, Bengaluru

☆ 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 is raising prices again
▼ + stars: | 2023-10-11 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

Chipotle has been raising its prices over the past few years, citing higher costs. In June of 2021, Chipotle said it was raising prices about 3.5% to 4%. So far at Chipotle, the increased prices haven’t scared people off — clearing the way for more expensive burritos. Even companies that have seen customers pull back due to the higher prices reported higher sales, because those higher prices offset volume declines. The snack and beverage company said it increased prices globally by 11% on average, helping nudge revenue higher than analysts’ expectations.

Persons: Chipotle’s, ” Laurie Schalow, Chipotle, “ We’re, ”, Brian Niccol, “ We’ve, ” Niccol, — CNN’s Jordan Valinsky Organizations: New, New York CNN, CNN, PepsiCo, Bureau of Labor Statistics Locations: New York, Chipotle

☆ 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

☆ I bought meals from Chipotle, Chick-fil-A, and McDonald's in-store and online. I was shocked by menu markups as high as 38% for the delivered food.
▼ + stars: | 2023-09-09 | by ( Nancy Luna | ) www.businessinsider.com time to read: +11 min

At a McDonald's in Orange, California, Insider found that a Quarter Pounder with Cheese meal cost $10.19. DoorDash said it encourages restaurants to "maintain delivery menu prices that more closely reflect in-store menu prices." "There is a premium associated with the delivery channel," Chipotle told Insider, adding that its delivery prices are about 30% above in-store and order-ahead menu prices. ChipotleInsider food correspondent Nancy Luna found delivery prices about 30% higher at Chipotle compared to in-store prices. "This is one reason – among many – why DoorDash encourages restaurant partners to maintain delivery menu prices that more closely reflect in-store menu prices."

Persons: DoorDash, Chipotle, Uber, Nancy Luna, queso blanco, Shouldn't, It's, McDonald's, Ashwin Kamlani, Kamlani Organizations: Service, Chipotle, Chapman University in, Wall Street Locations: Wall, Silicon, Chipotle, Orange , California, Chapman, Chapman University in Orange, queso, McDelivery, That's

☆ If you're an American eating beef this weekend, there's a good chance you're a man or age 50 to 65
▼ + stars: | 2023-09-03 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Just 12% of Americans are eating half of all the beef consumed in the US in a day, a study found. There's a good chance beef is on the menu, especially for men or people ages 50 to 65. Beef produces an estimated 8 to 10 times more emissions than chicken, and 50 times more than beans. "Beef is an environmentally extravagant protein," Rose said. There's a way to cut back on beef in all of those dishes if you're concerned about your health or the environment."

Persons: Diego Rose, Rose, Erin McDowell Organizations: Service, Labor, Center for Biological, Tulane University School of Public Health, Tropical Medicine, Agriculture Locations: Argentina

☆ IHOP rolls out biscuits menu nationwide for the first time as the chain fights slowing sales
▼ + stars: | 2023-08-28 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

For the first time ever, IHOP is making its biscuits menu available nationwide. Starting Monday, IHOP's sales — and Dine Brands' stock — could get a boost from its biscuits menu. The breakfast biscuit sandwich, with a choice of a side, will be available until Sept. 26 for $7 to appeal to budget-minded consumers. In line with that trend, IHOP crafted its biscuits menu to be versatile. More than a fifth of IHOP's sales come from to-go orders.

Persons: IHOP, Kieran Donahue, Donahue, Wendy's, Datassential Organizations: Dine, Dine Brands, CNBC, Southern Locations: Datassential, U.S

☆ Will Chipotle Fans Cut Back on Burritos as Student Loans Come Due? Its CFO Says No.
▼ + stars: | 2023-08-01 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/will-chipotle-fans-cut-back-on-burritos-as-student-loans-come-due-its-cfo-says-no-3df3b684

Persons: Dow Jones

☆ 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 Is Bringing Its Burritos to Small Town U.S.A.
▼ + stars: | 2023-07-18 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chipotle-is-bringing-its-burritos-to-small-town-u-s-a-bf57b0d1

Persons: Dow Jones

☆ Playing Roblox's new virtual back-to-school-shopping experience felt like gig work gamified
▼ + stars: | 2023-07-18 | by ( Grace Mayer | ) www.businessinsider.com time to read: +2 min

The delivery app Shipt released a delivery challenge featured on Roblox's popular "Driving Empire." It felt like gamified gig work, with the mindset of a "Fast & Furious" driver racing against the clock. In the game, which is featured as a challenge on Roblox's popular racing game, "Driving Empire," gig work is gamified. Players race against the clock to deliver school-supplies orders to customers — essentially playing the role of a Shipt delivery worker. Shipt did not answer questions regarding its gig workers.

Persons: Shipt, — Organizations: Service, Target, Labor, Depot, Walmart Locations: Wall, Silicon, Roblox

☆ Summer cooking hack: Ways to grill with campfires or firepits
▼ + stars: | 2023-07-03 | by ( Casey Barber | ) edition.cnn.com time to read: +7 min

Start with a few key itemsAs with an indoor kitchen, you’ll need a few crucial tools to make your outdoor cooking expeditions a success. Metal cutlery are staples of outdoor cooking. Simple to prepare in advance, foil packets are among the easiest meals for a campfire cooking newbie to whip up. For skillet cooking, you can experiment with some of your usual one-pan meals transferred to the outdoors. One note: High-sided stainless steel firepits, such as Solo Stoves, aren’t the best option for cooking in coals.

Persons: they’re, I’ve, Helmut Feil, •, ”, Dani Meyer, you’re, Harlan Schwartz, ” Meyer, Meyer, Casey Barber Organizations: CNN

☆ Opinion | Flamin’ Hot Propaganda
▼ + stars: | 2023-06-26 | by ( Adrian J. Rivera | ) www.nytimes.com time to read: +3 min

“Flamin’ Hot” says “no,” that only through the gospel of ganas may we enter the kingdom of heaven. But, oh, how “Flamin’ Hot” tries. “Flamin’ Hot” isn’t even effective propaganda. There can be a successful Latino, the movie says, but only one; the people who serve him must also be Latino. A movie can depart from the strict truth and capture a broader, deeper truth, so I hoped “Flamin’ Hot” would surprise me.

Persons: hasn’t, Montañez, ”, “ Locations: America

☆ Pizza Hut-parent Yum Brands profit sliced by promotions
▼ + stars: | 2023-05-03 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Shares of the KFC and Pizza Hut owner tumbled more than 4% after the company also warned of a $10 million to $20 million hit to current-quarter operating profit. However, along with higher food and labor costs, foreign exchange pressures and ramped up investments in automation and digital business, the aggressive promotions largely drove a 25% slump in profit. McDonald's Corp (MCD.N), Burger King parent Restaurant Brands (QSR.TO) and Chipotle Mexican Grill (CMG.N) all topped quarterly sales and profit estimates on the back of price hikes and robust demand. Labor challenges were also easing, with the company seeing job application rates increase while staffing levels were either at or near 2019 levels. Excluding special items, it earned $1.06 per share, missing estimates of $1.13, according to Refinitiv data.

☆ Chipotle just revealed a top reason customers demand refunds — and has a plan to prevent them
▼ + stars: | 2023-04-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Chipotle's app now lets customers know if they are going to the wrong location to pick up an order. Digital orders have slowed down for Chipotle since the early pandemic but remain a source of growth. The new notifications use improved technology to determine customers' locations as they order. Digital sales at the Mexican-grill chain reached $3.4 billion in 2021, thanks to improvements to its app and early-pandemic demand for delivery. Digital sales represented 39.4% of all sales in 2022, several percentage points lower than 46.2% in 2020.

April 25 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) topped Wall Street expectations for first-quarter profits and sales on Tuesday, helped by higher menu prices, 41 new restaurant openings and some recovery among lower-income customers. The company said it expects second quarter and full year comparable sales growth in the mid-to-high single digits. Even with inflation squeezing household budgets, restaurant chains are expected to post higher sales growth in the first quarter. Comparable sales at California-based Chipotle jumped about 11% in the first quarter, while analysts on average expected an 8.6% rise, according to Refinitiv data. Inflation in the second half is "really a wild card," Chief Financial Officer Jack Hartung said on the earnings call.

☆ 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%.

☆ Healthy breakfast ideas: Start your day with these quick meals
▼ + stars: | 2023-04-19 | by ( Casey Barber | ) edition.cnn.com time to read: +7 min

Because of the versatility and hands-off aspect of the preparation, these are some of my favorite breakfast options for road trip vacations and camping adventures — but they work for busy at-home mornings, too. Overnight oats are one of the most versatile breakfast options out there — and can easily be taken on the road or enjoyed at home. NelliSyr/iStockphoto/Getty ImagesTartines, AKA open-faced sandwiches — or as I like to call them, “things on toast” — comprise a catchall category of breakfast options that can skew savory or sweet. When I have a few minutes and am feeling famished, my go-to move is to grab eggs and tortillas for breakfast tacos or burritos. Eggs and tortillas pair well in the morning to make breakfast tacos or burritos.

☆ People are ticked that delivery drivers complained about stingy tips in a viral New York Times article. Here are the 5 main reasons people don't think they should tip more.
▼ + stars: | 2023-04-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Food delivery drivers are struggling to make ends meet, according to a recent New York Times article. While many delivery drivers said they benefited from larger tips during the beginning of the pandemic, some said this generosity has since faded. Why should sushi delivery drivers earn 10 times as much as pizza delivery?" (3) Drivers should be tipped based on how difficult their delivery wasSome commenters argued that food delivery drivers' tips should be based on how far — and what weather they had to endure — to make the delivery. "Someday, all of these gig workers will be too old to keep this kind of hustle up.

☆ Viral fast-food hacks, like the Chipotle 'fajita quesadilla,' prove American appetites haven't caught up to the climate crisis
▼ + stars: | 2023-04-03 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +12 min

The TikTok creator, known for reviewing fast-food staples, posted last summer about leveling up Chipotle's steak quesadilla with fajita veggies. Nathan Llorin, another popular TikToker, told Insider that it wasn't until he started eating and reviewing fast food that his videos took off. A climate message for menusIn January, research showed that labeling fast-food menus with their climate impacts swayed people away from red meat. But about 10% of customers now choose a meatless option, including Sofritas, the chain's plant-based mainstay made from tofu. Frost, the TikToker, told Insider that of all the things viewers attack her for on the platform, the environmental impact of fast food isn't among them.

☆ Enormous Chipotle burritos are the latest TikTok-inspired menu hack to infuriate fast-food workers
▼ + stars: | 2023-03-31 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Ordering oversized burritos at Chipotle is an example of a trend that upsets fast-food workers. But a recent trend of ordering oversized burritos, made popular on TikTok, only adds to fast-food workers' frustrations with viral videos on social media. In the video, stalliontink wishes the Chipotle worker assembling the burrito "good luck" on wrapping it. Other Chipotle customers have ordered them online via the chain's app, dating back to last year. A sign at select Waffle House locations read "Order from the menu we are not making anything you saw on TikTok."

Search resuls for: "burritos"

25 mentions found