Chipotle completes executive hires, raises prices system-wide [MarketWatch]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: MarketWatch
Chipotle completes executive hires, raises prices system-wide Chipotle Mexican Grill Inc. CMG, +0.30% said Thursday that its executive team is complete with the hiring of Roger Theodoredis as chief legal officer and Tabassum Zalotrawala as chief development officer. Theodoredis joins from Danone S.A. BN, +0.30% and Zalotrawala was most recently at Panda Restaurant Group. Chipotle has made a series of executive hires in 2018, including Brian Niccol, Chipotle's chief executive, in February . The company has also completed price hikes system-wide, according to SunTrust Robinson Humphrey analysts, who view the price hikes as a positive. Prices differ according to market. For example, a chicken burrito, bowl or salad in Atlanta, Pittsburgh and San Antonio went from $6.85 to $6.95, up 1.5%, while in Sacramento, San Diego and Riverside, the price went from $7.00 to $7.25, up 3.6%. " Chipotle's new pricing strategy appears to be taking regular small price increases versus its prior prac
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- But the number of entrées made varies massively by restaurant. Hartung said that some lower-volume restaurants made about 15 entrées on average during their peak 15 minutes, while Niccol said that its restaurant in Boston's financial district made more tAcquire Media Monitor
CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/23/24 - Form ARS
- CMG's page on the SEC website