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☆ Watch 'Science Guy' Bill Nye respond to Google Bard when the AI asked how it can help save the world
▼ + stars: | 2023-10-29 | by ( ) www.cnbc.com time to read: 1 min

RELATED VIDEOS07:17 Watch 'Science Guy' Bill Nye respond to Google Bard when the AI asked how it can help save the world04:47 Tri Pointe Homes CEO: New home builders are well-positioned to sell to younger generations03:27 Columbia Sportswear CEO: The Chinese consumer is quite robust, and our business there has been good05:44 Q3 growth was driven by transactions and execution, says Chipotle CEO Brian Niccol03:53 EQT CEO Toby Rice: We want to be known as America's best natural gas producer

Persons: Guy, Bill Nye, Bard, Brian Niccol, Toby Rice Organizations: Pointe Homes, Columbia

☆ 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 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

☆ 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

☆ Q3 growth was driven by transactions and execution, says Chipotle CEO Brian Niccol
▼ + stars: | 2023-10-26 | 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 EmailQ3 growth was driven by transactions and execution, says Chipotle CEO Brian NiccolBrian Niccol, Chipotle CEO, joins 'Closing Bell Overtime' to talk quarterly results, the impact of weight-loss drugs, integrating robotics and more.

Persons: Brian Niccol Brian Niccol

☆ 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 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

☆ 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

☆ Chipotle CEO: Optimistic we'll get back to the normal cadence of 2-3% price hikes a year
▼ + stars: | 2023-09-19 | 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 EmailChipotle CEO: Optimistic we'll get back to the normal cadence of 2-3% price hikes a yearBrian Niccol, Chipotle CEO, joins 'Squawk on the Street' to discuss how the inflationary pressures are looking for Chipotle, how this year's pricing strategy will end up, and how the minimum wage hike in California will impact the company's business.

Persons: Brian Niccol Locations: California

☆ Here's what CEOs are saying about consumers this earnings season
▼ + stars: | 2023-08-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Consumers have more cash on hand now than before the pandemic, according to a July analysis from the JPMorgan Chase Institute. So, what do corporate earnings reveal about the health of the consumer? “The consumer is in good financial shape, particularly the premium consumer base that we target,” Ed Bastian, chief executive of Delta Air Lines (DAL), said last month. “Both the lower-income consumer and our higher-income consumers are showing really good strength,” said Brian Niccol, chief executive of Chipotle, during the company’s post-earnings call. “The macro effects of higher inflation and a slowing US economy have put increased pressure on the price-sensitive consumer,” said Chip Bergh, chief executive of Levi Strauss.

Persons: Taylor Swift’s, ” Ed Bastian, ”, Robert Jordan, “ We’re, Laxman Narasimhan, Chipotle, Brian Niccol, Levi Strauss, LEVI, Chip Bergh, “, Tarang Amin, Zachary Kirkhorn, Peter Valdes, Kirkhorn, Tesla, Elon Musk’s, Vaibhav, Read, Jennifer Korn, it’s, Google Organizations: CNN, JPMorgan Chase Institute, Airlines, Consumers, Delta Air Lines, DAL, Southwest Airlines, Papa Johns, Apparel, Tesla, Google Locations: United States, Pacific, Papa Johns ’ North, bitcoin

☆ Margot Robbie is making a movie about Monopoly. Here is what to know about all the toys and games being turned into films following the success of 'Barbie'
▼ + stars: | 2023-08-04 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

In 2015, CNN reported that the Hasbro game had been translated into 47 languages, played in 114 countries sold over 275 million copies. A Monopoly movie was first mooted by Oscar-nominated director Ridley Scott during an interview with the Los Angeles Times in 2007. In 2009, producer Frank Beddor came up with an interesting pitch for a Monopoly movie, which he told IGN that Scott was excited about. When Lionsgate acquired Entertainment One's TV and film operations from Hasbro in 2023, it seemed a Monopoly movie was their top priority. On Wednesday, during 2024's Cinemacon in Las Vegas, Lionsgate confirmed that a Monopoly movie is in development.

Persons: Justin Sullivan, Oscar, Ridley Scott, Frank Beddor, Scott, Beddor, Parker, Truman, Andrew Niccol, Kevin Hart, Tim Story, Chris Cocks Organizations: CNN, Hasbro, Los Angeles Times, IGN, Monopoly, Lionsgate, Entertainment Locations: Las Vegas

☆ U.S. fast-food chains add automation to boost speed
▼ + stars: | 2023-08-02 | by ( Kailyn Rhone | ) www.reuters.com time to read: +3 min

With mass shortages of low-cost labor due to the pandemic, chains shifted to technology investments in their kitchens to fill the gap. The addition of automation tools in restaurant chains could cut down on wait times, driving higher consumer engagement and increasing sales for the rest of the year, restaurant executives say. Thirty-six percent of 1,000 U.S. people told HungerRush in a survey in May that they believed major restaurant chains don’t have enough staff to take orders, prepare food, and handle deliveries. Last year, Domino's Pizza Enterprises announced an automated pizza prep device in partnership with Picnic Works, a Seattle-based food-automation startup. "Anytime there's new automation, it creates new kinds of jobs," said Gaurav Kachhawa, chief product officer at Gupshup, a conversational messaging platform.

Persons: Carlo Allegri, Rachel Ruggeri, HungerRush, Aaron Nilsson, Chipotle, Brian Niccol, Domino's, Gaurav Kachhawa, It's, Jonathan Oatis Organizations: REUTERS, Siren, Starbucks, National Restaurant Association, Society, Pizza Enterprises, Picnic, Kailyn, Thomson Locations: Manhattan, New York City , New York, U.S, Michigan, Colorado, Houston, Seattle, Indiana, Indiana , Illinois, Wisconsin

☆ 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 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 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 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 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

☆ TikTok has become a 'billion-person focus group' that can make or break your business with one viral video
▼ + stars: | 2023-06-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

A review can now completely change the trajectory of a business if it goes viral on TikTok. A viral video on TikTok can make a product fly off of shelves, or leave consumers questioning the quality of a company. Corey Robinson, chief product officer for Abercrombie & Fitch, described TikTok to The Journal as "a billion-person focus group." Fame is just as easy to achieve as infamy on TikTok where videos can quickly — and unexpectedly — go viral. In late 2022, Chipotle employees were hit with waves of complicated orders and unhappy customers after Lee and TikToker Alex Frost posted viral videos trying a menu hack for quesadillas.

Persons: Corey Robinson, Abercrombie, Robinson, Pink, Chef Pii, Pii, naysayers, TikTokers, hashtag, Keith Lee, Lee, Kwame Boakye, TikToker Alex Frost, Chipotle, Brian Niccol Organizations: Street Journal, Morning, Abercrombie & Fitch, Fitch, Walmart, Dave's Gourmet, NielsenIQ, McKinsey & Company, Fire Locations: Orlando

☆ Chipotle wants you to think composting before burrito bowl becomes trash
▼ + stars: | 2023-06-18 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

Composting has been a key part of that for Chipotle, and the fast-casual restaurant chain is expanding that focus this year. In 2023, Chipotle has set a goal to institute composting programs in at least 23% more restaurants, or approximately 234 additional locations. In certain jurisdictions, compostable products have to be fiber-based, while in others plant-based compostable products are accepted. Infrastructure is key for Chipotle, Shibata said, as there are many Chipotle restaurants in areas where there is no facility that can compost certain items. She sees more jurisdictions pushing in the direction of more composting, and said that a focus from companies like Chipotle on composting will help generate momentum.

Persons: Brandon Bell, Chipotle, Brian Niccol, Laurie Schalow, Lisa Shibata, Shibata, We've, Frank Franciosi, Franciosi, Schalow Organizations: Mexican Grill, Getty, composted, Companies, New, New York City, Seattle Locations: Mexican, Austin , Texas, Chipotle, U.S, New York, West Coast, San Francisco

☆ Why Prices, Inflation Are Still Soaring: Corporate Price Gouging
▼ + stars: | 2023-05-02 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

While many of the problems that helped trigger the upward spiral have abated, prices are still high and getting higher. The idea that companies are taking advantage of disruptions to push price increases on consumers has many names — greedflation, excuseflation, price gouging, corporate profiteering — but the gist is the same. Supply-chain issues and other disruptions made sense as drivers of higher prices, Chris Becker, a senior economist and the associate director of policy and research at the Groundwork Collaborative, told me. "Working people are suffering thanks to corporate greed, so we need to enact tougher rules to ensure corporations pay a price when they price gouge." Working people are suffering thanks to corporate greed, so we need to enact tougher rules to ensure corporations pay a price when they price gouge.

☆ Here are the most overbought and oversold S&P 500 stocks, including several tech names
▼ + stars: | 2023-04-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

One metric to determine if a stock is overbought or oversold is the "relative strength index," which measures the magnitude and speed of price moves. An equity with a 14-day RSI under 30 is considered oversold, which means it may be an opportunity to buy. Meanwhile, those with a 14-day RSI above 70 are considered overbought — and the names could be due for a pause. CNBC Pro screened for S & P 500 stocks in both the overbought and oversold territory, based on their RSI. Valero Energy has the lowest 14-day RSI on the list, at 16.67.

☆ Inflation Cooled in March, but Stubborn Price Increases Remain
▼ + stars: | 2023-04-28 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

The central bank meets on May 3 to make its next policy decision, and officials are widely expected to raise rates by a quarter percentage point to just above 5 percent. Both incoming price and wage data and financial news could inform whether they feel comfortable hitting pause. The Fed will also need to weigh turmoil in the banking sector as it considers its next move. Problems in the industry can slow lending to consumers and businesses, weighing on the economy. Personal spending was flat in March compared with the month before, Friday’s report showed, after falling 0.2 percent in February after adjusting for inflation.

☆ Chipotle says it has seen some of its best digital sales after launching its TikTok-inspired Fajita Quesadilla
▼ + stars: | 2023-04-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Chipotle added the Fajita Quesadilla to its menu last month, inspired by a viral TikTok menu hack. During the launch, quesadilla sales nearly doubled and Chipotle had two of its best-ever digital sales days. It is inspired by a menu "hack" of adding fajita veggies to its steak quesadilla that went viral on TikTok in 2022. Adding fajita veggies – pepper and onion – to a quesadilla was not previously an option at Chipotle. "During the launch, we nearly doubled our Quesadilla business and had two of our top digital sales days of all time."

NEW YORK, April 26 (Reuters) - Shares of Chipotle Mexican Grill Inc (CMG.N) soared to a record high on Wednesday after the burrito chain beat analysts' estimates for first-quarter profit and sales. Chipotle said its revenue rose 17% year-on-year to $2.4 billion, driven by higher restaurant sales, 41 new store openings, and increased demand from lower-income customers. Net income rose to $291.6 million, up 84% from the previous year, helped by lower avocado prices and lower delivery expenses. Chipotle's shares rose 14% to $2,030 in afternoon trading. More than a dozen Wall Street analysts hiked their price targets on the stock in reaction to the company's report.

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