Tag: Chipotle Mexican Grill Inc

Jim Cramer reacts to Chipotle big earnings beat: ‘Chipotle delivered’

Chipotle shares managed to pop double digits Wednesday because of the restaurant chain’s culture, CNBC’s Jim Cramer said. “This company has an extraordinary culture of customer-centric innovation, and that culture has been turbocharged since they hired Brian Nicoll as CEO when Chipotle’s stock was languishing the $200s after a series of health scares,” the “Mad […]

Read More

Stock futures are flat after major comeback on Wall Street, earnings continue

U.S. stock futures were steady in overnight trading on Tuesday after the major averages clawed back much of their losses from Monday’s sell-off. Dow futures rose 40 points. S&P 500 futures gained 0.15% and Nasdaq 100 futures rose 0.1%. Netflix reported disappointing third quarter subscriber guidance after the bell on Tuesday, but the stock was […]

Read More

The biggest job wage boom post-pandemic is blue collar, but will it last for workers?

Companies are in desperate need of workers across the country as the economic reopening collides with a tight labor market, but the boom in manual labor job wage growth pre-dates the pandemic. Donna Kauffman, co-owner of a landscaping design and construction company in Colleyville, Texas, said a tightened labor market has pushed her starting wage […]

Read More

What McDonald’s minimum wage raise says about fast-food franchise future

Employees work the counter at a McDonald’s restaurant located inside the company’s new corporate headquarters on June 4, 2018 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images For Tom Locke, his tipping point on staff wages came back in March, during a conversation with a tired store manager, Heidi, in Coventry […]

Read More

Falling avocado shipments could hurt Chipotle’s margins, analyst says

Chipotle restaurant workers fill orders for customers. Getty Images Chipotle Mexican Grill’s margins could take a hit from the predicted decline in avocado shipments next quarter, according to Truist analyst Jake Bartlett. The Hass Avocado Board is forecasting a 5.8% decline in avocado shipments during the third quarter compared with last year. A smaller supply […]

Read More

Chipotle to hike wages, debut referral bonuses in attempt to hire 20,000 workers

Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Mark Makela | Reuters As the labor market heats up, Chipotle Mexican Grill announced Monday it’s raising pay for restaurant workers, reaching an average of $15 an hour by the end of June. The company has also introduced […]

Read More

Chipotle earnings smash estimates as online sales overtake in-person orders

A person wearing a protective mask and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is hanging on to recent gains in digital sales as its online orders overtook those made inside its restaurants for the first time. First-quarter earnings […]

Read More

Cramer counts Chipotle, Darden among ‘last man standing’ restaurant plays

CNBC’s Jim Cramer on Monday revealed a list of stocks he expects will benefit from the “last man standing scenario.” “After a year of carnage, big businesses with deep pockets are triumphing over their smaller competitors who didn’t make it,” the “Mad Money” host said. The scenario will play out vividly in the restaurant industry, […]

Read More