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What's New to The Street... 🌯 Are Chipotle’s Burritos Still a Bargain? 💸  Chipotle’s new finance chief is focusing on balancing value for customers with rising costs. With potential menu price hikes on the horizon, the chain is working to remain a go-to quick-service option while addressing its own financial pressures.  Would you pay more for your favorite burrito? Share your thoughts below! 👇✨ 👉🏻Follow New To The Street for more! #Chipotle #BurritoEconomics #MenuPrices #QuickServiceRestaurants #FoodieNews #FastCasualDining #CustomerValue #RestaurantIndustry #ChipotleFans #Innovation #Businessupdate #Businessnews #Business #News #Newtothestreet

What's New to The Street... 🌯 Are Chipotle’s Burritos Still a Bargain? 💸  Chipotle’s new finance chief is focusing on balancing value for customers with rising costs. With potential menu price hikes on the horizon, the chain is working to remain a go-to quick-service option while addressing its own financial pressures.  Would you pay more for your favorite burrito? Share your thoughts below! 👇✨ 👉🏻Follow New To The Street for more! #Chipotle #BurritoEconomics #MenuPrices #QuickServiceRestaurants #FoodieNews #FastCasualDining #CustomerValue #RestaurantIndustry #ChipotleFans #Innovation #Businessupdate #Businessnews #Business #News #Newtothestreet

Chipotle’s CEO said the chain is making “generous portions” the standard after a wave of social media criticism. bit.ly/4bVgfq4 The company’s CEO Brian Niccol said during Wednesday’s second-quarter earnings call that about 10% of Chipotle’s 3,500 restaurants are outliers in terms of portion sizes and the chain is on a mission to make bigger portions uniform across all locations. To fix the uneven portions, Chipotle is taking a closer look at the outlier restaurants and doubling down on training and coaching in part to reemphasize larger portion sizes. That means every customer should get two substantial scoops of rice and four ounces of meat. Read more: bit.ly/4bVgfq4

Chipotle Mexican Grill is diving into the future of fast food with the introduction of an automated bowl-and-salad maker and an avocado-processing robot at two of its California locations 🌶 🤖 By embracing this cutting-edge technology, Chipotle aims to streamline its restaurant processes while seeking valuable feedback from customers. Many restaurants are facing the challenge of rising wages in a tough economic environment. In response, Chipotle is looking to automation as a potential solution to combat the increasing burden of labor expenses. With analysts cautiously optimistic about CMG stock, the average price target of $62.67 suggests an exciting upside potential of 8.7% from current levels. 📈 Stay updated with the latest stock market news by following us at FlexInvest #investment #technicalanalysis #investmentstrategy #stocktrading #stockmarket #stockmarketnews #investing101 #trading #stockstowatch Not investment advice. Capital at risk.

Our favorite 🤩 restaurant brand “Chipotle Mexican Grill” has been sued by its shareholders and we have some critical lessons to learn in corporate governance and consumer rights protection. The Shareholders are the "boss". They appoint the board of directors and directors appoint management i.e. CEO & other C-Suite executives. The allegations of concealing operational issues, such as inconsistent portion sizes, underpins the importance of transparency and timely disclosure. Sometimes, operations may fail to communicate certain things to legal. Yet, the role of In-house counsel (IC) cannot be overstated. IC should have proactively identified and mitigated these risks by ensuring that the company maintained open communication with shareholders and addressed customer complaints promptly. This case illustrates the necessity for companies to balance cost management with maintaining product quality, as neglecting customer satisfaction can lead to significant financial repercussions and legal challenges. Moreover, the role of in-house counsel extends to advising on fiduciary duties and ensuring compliance with consumer protection laws and other regulatory requirements. By failing to monitor and respond to consumer feedback effectively, Chipotle's leadership faced a breach of fiduciary duty, resulting in a substantial drop in stock price and loss of market value to a whooping amount of $6.5 billion devaluation! That’s not good especially when it’s happening in Q4. This serves as a reminder that robust internal controls and proactive legal strategies are essential in safeguarding a company's reputation and financial health. Companies must prioritize transparency, responsiveness, and adherence to legal obligations to foster trust and avoid similar pitfalls.

🚨FOOD INDUSTRY NEWS🚨 Chipotle Mexican Grill has reported quarterly earnings and revenue that beat analysts’ expectations, fuelled by higher traffic to its restaurants. The stock rose 4% in extended trading. Earnings per share: $13.37 adjusted vs. $11.68 expected. Revenue: $2.7 billion vs. $2.68 billion expected. 🌯 #chipotle #fastfood #restaurants #foodindustry #newsletter

🚨FOOD INDUSTRY NEWS🚨 Chipotle Mexican Grill to splurge on bigger portions to keep diners happy. The burrito chain will take a hit by ensuring workers serve “correct and generous portions,” Chief Financial Officer Jack Hartung told analysts during the company’s earnings conference call. Chipotle found that about 10% to 15% of its restaurants were getting a disproportionate number of comments about portion sizes, he said in a separate interview. The company is “doubling down” on training at those stores to ensure workers serve the right amount of food, including the required two generous scoops of rice and four ounces of meat. Meeting those standards will cost the company an extra $50 million. Despite the criticisms about the portion sizes, Chipotle is one of only a handful of large restaurant chains that has consistently grown traffic in recent quarters. #mexico #earnings #fastfood #foodindustry #newsletter

Despite rising prices, business remains good at Chipotle. For me, a lunch or dinner for two approaches $25.00. It could be less, if we forgo the outrageously priced guacamole but it's rare that we do! Customer loyalty in the fast casual food business (Chipotle created this market by the way) is critical and CMG nails it with many customers eating at its stores multiple times a week. In recent memory, the chain faced the PR nightmare of any restaurant: people got sick from their food. The stock nearly halved in price and leadership dug deep to fix the causes and over time customers came back. When things go wrong, it's best to own it like Chipotle did, commit to changes and realistically set expectations to key stakeholders (customers, shareholders, regulators and employees). Instead of rushing to get back on track, some menu items were not offered until the company was confident it could do so with the greatest of confidence of safety. It's a lesson to be learned for many leaders. With new menu items, loyal customers, and the crisis squarely in it's rear view mirror, the black or pinto bean counters at the company are happy as are shareholders.

Wendy’s would like you to know that you will not have to pay more for nuggs during peak hours. The internet was spun into outrage like a giant, bitter Frosty after CEO Kirk Tanner said in a Feb. 15 earnings call that “as early as 2025,” the fast-food chain would test dynamic pricing—better known as surge pricing to anyone who’s ever paid 10x the normal rideshare price because it’s raining. “It’s price gouging, plain and simple,” Sen. Elizabeth Warren wrote in a post on X. Pretty quickly, though, not unlike an inexperienced patron halfway through a Ghost Pepper Ranch Chicken Sandwich, the fast-food chain sought to cool things down. “To clarify, Wendy’s will not implement surge pricing,” the company said last week in statements to NBC News and other outlets. It said its plans for digital menus, which would let it offer discounts, “particularly in the slower times of day,” had been “misconstrued in some media reports.” Well, if Wendy’s isn’t going to implement surge prices, someone else will have to. And at CFO Brew, we have some ideas. https://lnkd.in/ew4fBCUG #pricing #pricingstrategy #pricingstrategies #pricingoptimization #surgepricing #dynamicpricing #pricegouging #foodandbeverage #foodandbeverageindustry #hospitalityindustry #hospitalitymanagement #hospitalityleadership #hospitality

Let’s spark a debate… The Wendy's Company recent experimentation with dynamic pricing has sparked a ton of outrage. While some view it as a fresh take on market dynamics, others see it as a risky gamble. Despite Wendy's walking back on their initial statements that this is not surge pricing, questions remain. What are your thoughts on dynamic pricing in fast food? Is it a market test or was it misconstrued from the beginning? Clarity is crucial to address concerns and ensure consumer trust. As for me, if spicy nuggets start to surge in price, I may have to get my spicy fix elsewhere. What are your thoughts on the #DynamicPricingDebate? Tell me in the comments 👇🏼 #Wendys #MarketingInsights #Pricing