Chipotle added at least new stores to its roster annually over the last five years, including last year. The company currently has a head count of about 88, employees, according to a company spokesperson. Chipotle's growth story is an outlier from the state of the restaurant industry nationwide as diners and restaurateurs struggle to draw customers due to coronavirus restrictions and social distancing practices.
More than , eateries have shut down either permanently or for the foreseeable future, according to the National Restaurant Association. With indoor dining and capacity limits remaining in place in restaurants across the country, Chipotle has turned to other means of serving customers. The company grew revenue by more than Correction: This story has been updated to reflect that the planned store openings would bring Chipotle's store count to nearly 3, locations.
Brands Inc. YUM , as well as fast-casual restaurants such as Qdoba Mexican Eats and other restaurants in close proximity to Chipotle locations. The COVID pandemic and related social-distancing measures had an adverse impact on Chipotle's business during its fiscal year FY , which ended December 31, Revenue grew 7.
Chipotle indicated that it had to temporarily close some of its restaurants in response to the pandemic. While the majority of its restaurants have been reopened, they are operating with restrictions such as social distancing and mask requirements. Some restaurants are only offering take-out, digital order and delivery services. Revenue rose Net income rose Chipotle operates as a single segment and divides its operations across eight regions.
But the company has been extending its reach through several measures. Chipotle's digital sales through delivery and customer pickup have surged in recent years. Advertising campaigns, new delivery partnerships with Uber, and other measures have helped increase awareness about the company's digital offerings. However, the acceleration of digital sales growth to Digital sales accounted for Chipotle also is expanding its store footprint in the U. The company added locations in FY Of these newly-opened restaurants, included a drive-through format that the company calls "Chipotlane".
Nine locations were permanently closed. For Chipotle's already-established restaurants, comparable restaurant sales rose 1. On January 28, , Chipotle announced that it was testing car-side pickup at 29 of its restaurants in California. The service, named Chipotle Carside, will allow customers to order from a Chipotle restaurant using the company's app and have the order delivered to their parked car. The aim is to provide a more convenient pickup service to customers.
As part of our effort to improve the awareness of the importance of diversity in companies , we offer investors a glimpse into the transparency of Chipotle and its commitment to diversity, inclusiveness, and social responsibility. We examined the data Chipotle releases. It shows Chipotle does not disclose any data about the diversity of its board of directors, C-Suite, general management, and employees overall. Chief Technology Officer. Christopher W.
Chief Marketing Officer. New Stories. Chipotle Mexican Grill Inc beat estimates for quarterly same-store sales on Thursday, as customers returned to eating inside restaurants and paid more than ever for a new meat - smoked brisket - and other menu items.
Chipotle Mexican Grill Inc beat estimates for quarterly same-store sales on Thursday as COVID vaccinations and new items encouraged more people to dine out at its restaurants despite higher prices.
Chipotle Mexican Grill Inc said on Tuesday it is adding smoked brisket to its menu in the United States and Canada after testing it last year. Chipotle Mexican Grill Inc beat estimates for earnings and comparable quarterly sales on Tuesday but warned that higher beef and freight costs will offset the benefit of menu prices hikes in the near term.
Chipotle Mexican Grill Inc beat market estimates for quarterly comparable sales on Tuesday as vaccinated customers returned to dine at its restaurants. Chipotle Mexican Grill Inc on Wednesday reported a Chipotle Mexican Grill Inc said on Thursday it has invested in autonomous technology company Nuro as part of the startup's latest funding round, a move that would help the restaurant chain bolster its delivery network. Chipotle Mexican Grill Inc on Tuesday reported a 5.
Chipotle Mexican Grill Inc on Wednesday reported better-than-expected quarterly comparable sales growth, boosted by a surge in online orders from consumers avoiding dining out due to the COVID pandemic.
Chipotle Mexican Grill Inc has asked the U. Supreme Court to use an overtime pay lawsuit against the fast-casual restaurant chain to resolve an "intractable conflict" among federal judges over the standard for certifying collectives under federal wage law. A federal appeals court has declined to revive an investor lawsuit accusing fast casual restaurant operator Chipotle Mexican Grill Inc and its executives of concealing food safety risks, causing its stock to drop after widely publicized outbreaks of food-borne illnesses Chipotle Mexican Grill Inc on Wednesday posted a smaller-than-expected decline in quarterly same-store sales and said it would continue to invest in its digital business and launch new menu items.
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