Thursday, July 29

Chipotle

Chipotle, Fast Food, labor shortage, Restaurants, Retail

Chipotle’s stores had their most profitable quarter since 2015 despite the chain raising wages

Chipotle just announced high restaurant operating margins from the second quarter of 2021. Margins were up despite the chain raising wages this summer. Chipotle says raising menu prices led to the increased profitability. LoadingSomething is loading. Chipotle just had a hugely successful quarter, with its most profitable period for its stores s...
Chipotle, Fast Food, Restaurants, Retail, Shipping, Shortage, Transportation

Chipotle customers are reporting ingredient shortages as the chain says it is facing high beef and shipping costs

Customers say Chipotle locations are out of key ingredients like rice and steak. Chipotle says it is facing high beef and freight costs, but there is no system-wide shortage. Taco Bell, Starbucks, and other chains are also dealing with shortages. LoadingSomething is loading. Some Chipotle locations are running out of key ingredients, according ...
analyst conference call, Beef, Chipotle, Earnings, Markets, MI Exclusive, Wages

Chipotle soars 13% to an all-time high as digital ordering and return of dine-in customers push revenue to pre-pandemic levels

Chipotle is giving away a Tesla 3. Chipotle Shares in Chipotle soared as much as 12.95% to reach new highs on Wednesday as a bumper second-quarter earnings call showed the fast-casual chain returning to pre-pandemic activity.Revenue came in at $1.89 billion, up 39% year-over-year and a hair above the analyst consensus of $1.88 billion. Chipotle opened up 56 new locations and closed five, capitalizing on a surge of digital sales, which grew nearly 11%, as well as a recovery in in-person dining. Almost half of all sales were digital.The company also saw same-store sales, which excludes sales from new stores, jump 31% year-over-year. Same-store sales had tumbled at the start of the pandemic. Likewise, margins rebounded to 24.5%, driven by price increases and falling beef prices duri...
Chipotle, Denny's, Dunkin, Fast Food, Moe's, Retail, Taco Bell, Weddings

I just got engaged and I can’t stop thinking about fast food-themed weddings

Taco Bell, Denny's, Dunkin', and other chains sell wedding merchandise. Taco Bell even has a Las Vegas chapel where couples can marry in full Taco Bell regalia. I'm recently engaged and I can't stop thinking about these strange weddings. See more stories on Insider's business page. I got engaged in May, and ever since I can't stop noticing how oddly rich the world of fast food weddings is.For the truly dedicated, there are ways to make your wedding completely decked out with your favorite brand. Taco Bell has held weddings at its Las Vegas Cantina since 2018, and nearly 500 couples have married there since the chain told Insider. ...
Chipotle, Economy, Fast Food, Retail, Starbucks, Subway, Wendy's

A Subway ran out of roast beef, a Chipotle ran out of carnitas, and a Wendy’s was low on lettuce, as fast-food chains grapple with supply shortages for key ingredients

Wendy's, Subway, and Chipotle are among the fast-food chains hit by supply-chain issues. Reuters reported that all three chains, along with Subway, ran out of key ingredients at some locations. A Chipotle ran out of barbacoa and carnitas, while a Subway ran out of roast beef, per the report. See more stories on Insider's business page. Restaurants and retailers around the US are grappling with a supply-chain crisis for some of their key ingredients. A recent Reuters report found that at least nine restaurants and fast-food chains, including Subway and Chipotle, were out of stock in some items at certain locations.A Wendy's franchis...
Chipotle, contributor 2019, Economy, Fast Food, Minimum Wage, Nordic, Opinión, original contributor, Price increases, Retail, Wages

Chipotle gave huge payouts to its CEO and shareholders, then blamed workers for price increases — here’s what’s really going on

Paul Constant is a writer at Civic Ventures and cohost of the "Pitchfork Economics"podcast with Nick Hanauer and David Goldstein. In the latest episode, they spoke about Chipotle's announcement to increase menu prices by about 4% to cover increased employee wages. Constant points out, however, the price increase could be to cover the $24 million raise recently given to CEO Brian Niccol. See more stories on Insider's business page. Last week, the "New York Times" ran a story about a small menu price increase at a fast-casual food chain. Written by Julie Creswell, the piece began, "Executives at Chipotle said on Tuesday that the fast...