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Chipotle Launches Carne Asada Nationwide

Chipotle Mexican Grill announced that it's introducing a brand-new steak option, Carne Asada, nationally on September 19, 2019. CHIPOTLE REWARDS members were the first to learn of the new menu item today. To showcase the importance of its Rewards members and the exclusive access the program provides, Chipotle invited its top steak lovers in New York and Los Angeles to attend early VIP tasting events.

This premium protein is cut into tender slices, seasoned with fresh squeezed lime and finished with hand-chopped cilantro and a blend of signature spices. Chipotle's Carne Asada has been officially approved for the Whole30® program, and is compliant with a Paleo diet.

Additionally, Chipotle teamed up with...

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Sep 17 10:27 AM, General News



Chipotle Announces Second Quarter 2019 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2019.

Second quarter highlights, year over year:

  • Revenue increased 13.2% to $1.4 billion
  • Comparable restaurant sales increased 10.0%, net of 40 bps from loyalty deferral, and included nearly 7% of comparable restaurant transaction growth
  • Digital sales grew 99.1% and accounted for 18.2% of sales for the quarter
  • Restaurant level operating margin was 20.9%, an increase from 19.7%
  • Diluted earnings per share was $3.22, net of a $0.77 after-tax impact from expenses related to restaurant asset impairment, corporate restructuring, and certain other costs, a 91.7% increase from $1.68. Adjusted diluted earnings per share excluding...
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Jul 25 8:26 AM, General News


Chipotle Announces First Quarter 2019 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2019.

First quarter highlights, year over year:

  • Revenue increased 13.9% to $1.3 billion
  • Comparable restaurant sales increased 9.9%, net of 30 bps from loyalty deferral, and included 5.8% of comparable restaurant transaction growth and 2% in mix contribution
  • Digital sales grew 100.7% and accounted for 15.7% of sales for the quarter
  • Restaurant level operating margin was 21.0%, an increase from...
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Apr 25 9:01 AM, General News


Chipotle Rewards Launches by Giving Fans a Quarter of a Million Dollars on Venmo

Chipotle Mexican Grill (NYSE: CMG), announced today the national launch of its highly anticipated loyalty program, Chipotle Rewards. To show people how good it feels to get rewarded, Chipotle is using Venmo payouts to give away up to a quarter of a million dollars, to approximately 25,000 Chipotle fans per day, from now through March 15, 2019.

This is the latest advancement in Chipotle's efforts to make the brand more accessible and to strengthen the relationship with its community. To start earning free Chipotle with Chipotle Rewards, people can sign up in the Chipotle app or at Chipotle.com/Rewards. Those who enroll will earn 10 points for every $1 spent in the restaurant, online, or in the app, with 1,250 points resulting in ...

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Mar 12 9:06 AM, General News


Chipotle Extends Lifestyle Bowls With Meatless "Plant-Powered" Options

Chipotle Mexican Grill (NYSE: CMG) today announced its "Plant-Powered" Lifestyle Bowl options, which include a new preconfigured organic plant-based protein "Vegan" bowl as well as a "Vegetarian" bowl that includes guacamole. Plant-Powered bowls are the first extensions in the brand's Lifestyle Bowl offering, which launched earlier this year with Keto, Paleo, Whole30 and double protein diet-approved menu options.

Whether following a vegetarian, flexitarian, or vegan diet or just looking to make healthier choices, Chipotle's customizable menu allows customers to select the items that best fit their needs. In 2014, Chipotle was an early entrant into the plant-based conversation, introducing ...

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Mar 4 8:54 AM, General News


Chipotle Opens 2,500th Restaurant, Highlighting Continued Growth

Chipotle Mexican Grill (NYSE: CMG) today announced that it has opened its 2,500th restaurant at The Shops at Todos Santos in Concord, CA. The milestone opening is a tangible example of Chipotle's continued growth, which includes notable executive hirings and a newly-digitized restaurant experience. To mark the achievement, Chipotle will host a ribbon cutting today at 10:45am PST with the Greater Concord Chamber of Commerce.

Recently, Chipotle announced the completion of its executive leadership team with the hiring of Roger Theodoredis as the company's chief legal officer and Tabassum Zalotrawala as chief development officer. Zalotrawala's role as chief development officer will become increasingly vital as Chipotle continues opening restaurants, maintaining top-notch hospitality, supporting local growers, improving the ...

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Feb 11 8:50 AM, General News


Chipotle Announces Improved Fourth Quarter 2018 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) has reported financial results for its fourth quarter and year ended December 31, 2018.

Revenue for the quarter was $1.2 billion, an increase of 10.4% from the fourth quarter of 2017. The increase in revenue was driven by a 6.1% increase in comparable restaurant sales and new restaurant openings. Comparable restaurant sales improved primarily as a result of an increase in average check which includes a 3.3% benefit from menu price increases. Comparable restaurant sales also improved due to a 2% increase in comparable restaurant transactions.

We opened 40 new restaurants during the quarter and closed or relocated 12, bringing the total restaurant count to 2,491.

Food, beverage and packaging costs were 33.2% of revenue, a decrease of 100 basis points compared to the fourth quarter of 2017. The decrease was primarily due to the benefit of menu price increases taken in late 2017 and early 2018 and to a lesser extent favorable avocado pricing, partially offset by increased freight expenses and...

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Feb 8 8:12 AM, General News


Chipotle Launches Lifestyle Bowls so Customers can Achieve New Year's Wellness Resolutions

Paleo, Keto, Whole30® and Double Protein-approved options are now available for delivery exclusively through Chipotle's mobile app and website

Chipotle Mexican Grill (NYSE: CMG) today announced the launch of a new collection of Lifestyle Bowls, just in time for New Year's Resolutions. The new line includes a Paleo Salad Bowl, Keto Salad Bowl, Whole30® Salad Bowl and Double Protein Bowl, all exclusively available through the mobile app and on the Chipotle website for in-restaurant pickup or delivery. These first-to-category, diet-driven menu offerings are helping those who have committed to living a healthier lifestyle by making it easy to order delicious bowls that only contain the real ingredients permitted by certain diet regimens.

One notable expert showing support for the launch is Whole30® co-founder Melissa Hartwig Urban. "We are always looking for ways to make the Whole30 easier and more accessible, and travel has always been a pain point. It's not always easy to find ...

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Jan 2 8:52 AM, General News


Chipotle Celebrates College Football Fans with the Free Delivery Bowl

Chipotle Saves Millions Forgoing Traditional Sponsorship and Gives it Back to Fans

Chipotle Mexican Grill (NYSE: CMG) today announced a new way to celebrate bowl season with the launch of the first-ever Chipotle Free Delivery Bowl. From now through January 7, Chipotle enthusiasts and college football fans everywhere can cheer on their favorite teams with free delivery on any Chipotle order worth $10 or more.

"Given the iconic nature of Chipotle's Burrito Bowl, many consumers have pointed out that we should sponsor a bowl game," said Chris Brandt, chief marketing officer at Chipotle. "We listened and decided to do something about it. But, rather than spending millions on a traditional game sponsorship, we decided to give that money back to our fans in the form of free delivery."

In previous bowl seasons, people relied on the limited delivery options available, but now that Chipotle offers delivery, fans can enjoy real food made with real ingredients from the comfort of their own couches, tailgating ...

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Dec 18 12:24 PM, General News


Chipotle Completes Executive Leadership Team 

Chipotle Mexican Grill (NYSE: CMG) yesterday announced that its executive leadership team is now complete with the hiring of Roger Theodoredis as the company's chief legal officer and Tabassum Zalotrawala as chief development officer. Both Theodoredis and Zalotrawala will report to Brian Niccol, the company's chief executive officer.

Chipotle has welcomed new executive leaders in 2018, beginning with Brian Niccol's appointment to CEO and member of the Board in March of this year. Each member of the team brings a unique set of experience that will allow Chipotle to deliver on its strategy of winning today and cultivating a better future.

The full leadership team includes ...

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Dec 14 11:49 AM, General News


Chipotle Pilots New Customer Loyalty Program

Chipotle Mexican Grill (NYSE: CMG) today announced it is piloting the company's highly anticipated new loyalty program, Chipotle Rewards. As the latest innovation in Chipotle's ongoing efforts to drive digital innovation and make the brand more accessible, the points-based loyalty system is now live in three test markets - Phoenix, Kansas City (both in Kansas and Missouri), and Columbus, Ohio.

"At Chipotle, we've been very focused on making our brand more accessible and growing love and loyalty among our customers," said Curt Garner, chief digital and information officer at Chipotle. "Now, with Chipotle Rewards, the more you Chipotle, the more you earn points towards free Chipotle."

Eligible customers in each of the three test markets can sign-up for Chipotle Rewards via the Chipotle app or on Chipotle.com. Those who enroll can earn 10 points for every $1 spent, with 1,250 points resulting in a free entrée. Offering a free entrée of choice allows customers to choose their favorite menu item without restrictions like other loyalty programs. To drive even more digital orders, for a limited time customers can...

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Oct 1 9:46 AM, General News




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