• Is Chipotle Really Cutting Back on Portions

  • Jul 26 2024
  • Duración: 2 m
  • Podcast

Is Chipotle Really Cutting Back on Portions  Por  arte de portada

Is Chipotle Really Cutting Back on Portions

  • Resumen

  • Chipotle CEO Brian Niccol addressed concerns about smaller portion sizes during a Q2 2024 earnings call, emphasizing the company's commitment to generous servings as a core brand equity. The feedback from customers prompted the company to reevaluate its operations and retrain employees at specific locations to ensure consistent and generous servings. Despite these concerns, Chipotle reported strong quarterly earnings, with an 8.7% increase in restaurant traffic and a significant rise in net income to $455.7 million from $341.8 million the previous year. Chipotle's stock has increased nearly 23% year over year.

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