Bill Ackman, investors still back Chipotle after CEO Brian Niccol leaves
Chipotle Mexican Grill Inc.’s future may not be as shaky as some shareholders fear following the departure of Chief Executive Officer Brian Niccol, investors said. The burrito chain’s shares fell nearly $6 billion on Tuesday after the company announced that Mr. Nicol would leave the company at the end of the month to become CEO […]
Starbucks hires Chipotle boss Brian Niccol as next CEO
Starbucks reportedly announced on Tuesday that it was replacing current CEO Lakshman Narasimhan with Chipotle leader Brian Niccol after months of sluggish sales. Niccol has been widely praised for turning around Chipotle’s business, helping to drive up the company’s stock price by more than 50 percent over the past year, the company said. Niccol will […]
COLE AND DANHOF: Chipotle Makes DEI Move Rife With Negative Consequences
Chipotle shareholders re-elected in June Voted A compensation system was in place to reward executives for achieving DEI goals, but this year there were changes. Efforts To convince companies to stop the practice, Chipotle switched from rewarding executives for increasing the diversity of their workforce to rewarding them for reducing turnover among existing minority employees. […]
Are Chipotle portions shrinking? An expert weighs in on the debate
He is revealing a secret. Chipotle has been under a lot of criticism lately, but judging by the volume of complaints, beef customers’ biggest gripe about the trendy fast-casual is that portions are shrinking, while prices are higher than ever. Now, a New York City-based Wells Fargo analyst has actually looked into this phenomenon, ordering […]
California Chipotle erupts into chaos as customers start food fight with staff
On May 31, chaos erupted at a Chipotle in California after three customers started throwing food at employees. Video of the incident taken by a passerby shows three women assaulting the store employee. A woman climbed onto a table, jumped onto the cash register and began throwing items at staff. Two other women also climbed […]
Chaos in California Chipotle as customers start food fight with staff
On May 31, a chaotic situation occurred at a Chipotle in California when three customers threw food at employees. (Storyful) On May 31, chaos erupted at a Chipotle in California after three customers started throwing food at employees. A bystander video of the incident shows three women attacking the store clerk, with one climbing onto […]
Chipotle keeping ‘a close eye’ on customer behavior after raising menu prices, wages
Chipotle CFO Jack Hartung answers questions about how to deal with inflationary pressures, the burrito bowl robot and the company’s stock split. Despite signs that Americans still crave their favorite burrito bowls and are willing to pay extra for guacamole, Chipotle is carefully monitoring consumer behavior as labor and menu costs rise. I’m monitoring it. […]
Health-conscious Gen Z, millennials buy Chipotle despite hikes
Chipotle’s loyal base of health-conscious Gen Z and millennials continues to scoop up burrito bowls and other menu items even though the company has raised prices six times since 2021, according to the report. The Tex-Mex chain reported national sales rose 8.4% last quarter, outpacing McDonald’s and Starbucks. That revenue could rise even further as […]
Guacamole dispute apparently prompts customer to shoot Chipotle employee: ‘This is a first’
An employee at a Chipotle restaurant in Michigan is recovering from a gunshot wound sustained by a disgruntled customer over an apparent guacamole issue. A violent brawl broke out inside a crowded Chipotle restaurant in Southfield, Michigan, a suburb of Detroit, around 7 p.m. Friday. Witnesses said a customer was so upset about something that […]
Chipotle customer shoots employee over guacamole dispute
A trigger-happy customer in Michigan is accused of fatally shooting a Chipotle employee Friday night in a Detroit neighborhood over an argument over guacamole. The violence occurred at the Southfield location on Evergreen Road near Civic Center Drive just before 7 p.m. witness told FOX2 As they were eating, they heard an argument breaking out […]