Chipotle Mexican Grill has announced the return of its popular protein, Carne Asada. This will be the third time that Carne Asada has made a comeback to Chipotle’s menu. It’s been a fan favorite for years ever since its debut in September 2019. During its first run, more than 10 mil...
some of the pressure is seasonal, like the shift from chicken al pastor to brisket. some is temporary like the higher prices in avocados and dairy, which if they persist, we can address with menu prices overtime. and finally, we're confident that the ...
Ricky Mulvey: Well, the market has been fairly unhappy with Narasimahn's ideas, basically, really expanding the menu, bringing in energy drinks and the refreshers. This is something that we complimented Brian Niccol for doing, but maybe it was done in a little bit...
Yes. The key things that are happening as you move from Q4 to Q1, our -- the menu price increase we took, we only -- we got like less than 100 basis points of impact in the fourth quarter as we took that in December. We'll get the full benefit of that in Q1. That's going ...
including elevated beef prices, increased incidents of steak and fewer sales of high margin beverages. In Q4 we expect food costs to be in the low 32% range as the benefit from a full quarter of delivery menu price increases, which I'll discuss shortly, will be offset by the launch of ...
ahead. brian bittner thank you. thanks for the question. as you move throughout 2023 and you lap some of these large menu price increases as the year progresses, would you think about replacing them with some type of increases, albeit probably a lot more normalized, more lower price ...
Ricky Mulvey: Well, the market has been fairly unhappy with Narasimahn's ideas, basically, really expanding the menu, bringing in energy drinks and the refreshers. This is something that we complimented Brian Niccol for doing, but maybe it was done in a little bit more of a thoughtful way...