![]() ![]() The company recently reorganized its corporate structure, according to Niccol. Founder Steve Ells, then still chief executive of Chipotle, partnered with two Colorado entrepreneurs on the fast-casual chain more than a decade ago. ![]() ![]() The company also shut down its remaining Pizzeria Locale restaurants during the quarter. Chipotle has added the new grills to 10 high-volume restaurants.ĭigital sales accounted for 38% of the company's food and beverage revenue this quarter.Ĭhipotle opened 47 new locations, 40 of which included drive-thru lanes to pick up digital orders. Niccol also shared that the chain is rolling out a dual-sided grill, which can cook chicken three times faster and steak four times faster. ![]() The company has also been training employees to improve how many burritos, bowls and tacos they can make during a shift. However, it already has plans to release a new menu item for later in the quarter. Executives said the menu item brought new customers to its restaurants in the second quarter, but the limited-time item will wrap up in August. In March, Chipotle introduced Chicken al Pastor. But Niccol said the chain isn't seeing weaker demand from low-income or high-income consumers. The company's same-store sales grew 7.4%, falling shy of StreetAccount estimates of 7.5%. "As we get closer to that fourth quarter, we'll make a decision exactly on what we want to do on the pricing front," CEO Brian Niccol said.Ĭhipotle's net sales rose 13.6% to $2.51 billion in the second quarter. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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