Welcome to our dedicated page for Chipotle Mexican Grill news (Ticker: CMG), a resource for investors and traders seeking the latest updates and insights on Chipotle Mexican Grill stock.
Chipotle Mexican Grill, Inc. (NYSE: CMG) generates a steady flow of news as a major restaurant operator focused on Mexican-inspired food, digital access and international growth. This page aggregates CMG news coverage, including company press releases and other announcements, so readers can follow developments that affect the brand, its restaurant base and its capital markets activity.
News about Chipotle often highlights restaurant expansion and development, such as the opening of its 4,000th restaurant in Manhattan, Kansas and progress toward a long-term goal of 7,000 locations in the U.S. and Canada. Updates also cover international expansion through company-owned and partner-operated restaurants in regions including Canada, Europe and the Middle East, along with agreements to enter additional markets.
Investors and followers of CMG can expect coverage of menu innovation and promotions, including the launch of the High Protein Menu, snack-oriented items like the High Protein Cup, and promotional campaigns such as free double protein offers, holiday BOGO deals, and seasonal programs like Unwrap Extra. These stories illustrate how Chipotle uses its menu and Chipotle Rewards program to engage guests and respond to consumer preferences.
Another key category of news involves leadership and governance. Recent items include executive transitions in legal, human resources, accounting and marketing roles, as well as the appointment of new board members. Capital allocation and financial communication also feature prominently, with announcements about share repurchase authorizations, quarterly earnings, and scheduled conference calls.
By reviewing the CMG news feed on this page, readers can track how Chipotle communicates its strategy, manages growth, introduces new offerings and responds to operational and market conditions over time.
Chipotle Mexican Grill (NYSE: CMG) has initiated pilots for advanced technologies aimed at enhancing employee and guest experiences. The company is testing a kitchen management system in Southern California that utilizes AI for demand-based cooking and ingredient preparation, leading to better freshness and minimized food waste. In Cleveland, Ohio, a contextual restaurant experience is being trialed to improve app engagement and operational efficiencies. Furthermore, the AI kitchen assistant is set for further testing in California, demonstrating the company’s commitment to innovation.
Chipotle Mexican Grill (NYSE: CMG) introduces its new Garlic Guajillo Steak, featuring a unique flavor profile with garlic and guajillo peppers. Available starting September 14 across the U.S. and Canada, the steak can be accessed early by Chipotle Rewards members and Roblox users via the Chipotle Grill Simulator, an immersive experience in the metaverse. The launch includes a promotion offering 100,000 free entrée codes for the steak. Additionally, a $0 delivery fee promotion is available for orders placed between September 17-25.
Chipotle Mexican Grill (NYSE: CMG) has launched a new initiative featuring NFL stars CeeDee Lamb, Michael Irvin, Dez Bryant, and Drew Pearson in a national television commercial and a limited-time menu called 'The 88 Club'. The TV ad will debut during the Week 1 Sunday night football game between Dallas and Tampa Bay. Customers can order specific bowls and tacos inspired by each player through Chipotle's digital platforms. This collaboration aims to resonate with fans and enhance Chipotle's image as a go-to choice for athletes seeking nutritious meals.
Chipotle Mexican Grill (NYSE: CMG) will host a conference call on October 25, 2022, at 4:30 PM Eastern time to discuss its third quarter financial results and provide updates for the fourth quarter of 2022. A press release detailing the financial results will be issued approximately 20 minutes prior at 4:10 PM Eastern time. Interested participants can join the call by dialing the designated numbers, with an option for international callers. Additionally, the call will be available via live webcast on the company's investor relations page.
Chipotle Mexican Grill (NYSE: CMG) is testing a new menu item, Chicken Al Pastor, at 94 restaurants in Denver and Indianapolis. This limited-time offering features marinated chicken with spicy adobo, achiote, and pineapple. Chris Brandt, Chief Marketing Officer, emphasizes that it meets customer demand for spicy chicken. To celebrate, Chipotle is offering a $0 delivery fee on orders from September 6-11, 2022. The company operates over 3,000 restaurants across various countries.
Chipotle Mexican Grill (NYSE: CMG) has reintroduced its trivia game, Chipotle IQ, offering 100,000 BUY-ONE-GET-ONE (BOGO) deals daily for five days to fans scoring perfect on the quiz. Starting from August 22, 2022, the game allows participants a chance to win one of 50 limited edition $500 gift cards. Following a successful debut in 2020, Chipotle aims to boost engagement and brand loyalty through this initiative. Participants can retry to achieve a perfect score, with a total of 500,000 BOGOs available during the promo.
Chipotle Mexican Grill (NYSE: CMG) is launching a limited-edition lemonade-scented soy candle, designed to resemble its water cup, on August 18, 2022. The 'Water' Cup Candle celebrates National Lemonade Day and will be available on the Chipotle Goods online store while supplies last. Each purchase includes a promo code for a free lemonade, redeemable through December 31, 2022. This initiative follows Chipotle's trend of creating fan-inspired products, emphasizing their engagement with customers through social media.
Chipotle Mexican Grill (NYSE: CMG) will provide over $1 million in free Chipotle to teachers at 2,000 U.S. schools as part of its initiative to support educators. From August 9 to 12, fans can nominate K-12 teachers on Chipotle's social media to win free entrées for their schools. The giveback starts the week of August 15. Additionally, Chipotle promotes its Round-Up for Real Change feature to support the Kids In Need Foundation. The initiative highlights Chipotle's commitment to education and community support.
Chipotle Mexican Grill reported strong second-quarter 2022 results, with total revenue up 17.0% to $2.2 billion and comparable restaurant sales rising 10.1%. In-restaurant sales surged 35.9%, while digital sales accounted for 39.0% of total food and beverage revenue. Operating margin improved to 15.3%, and diluted earnings per share increased 40.2% to $9.25. The company opened 42 new restaurants, including 32 with Chipotlanes. Looking ahead, Chipotle anticipates mid to high-single-digit restaurant sales growth in Q3 and plans to open 235 to 250 new locations this year.
Chipotle Mexican Grill (NYSE: CMG) has launched a new interactive game named "Buy The Dip" to give away over $200,000 in cryptocurrency and promote its National Avocado Day event. The game runs from July 25 to July 31, allowing players to win Bitcoin, Ethereum, Solana, Avalanche, and Dogecoin, as well as access to 1-cent guacamole and queso. Chipotle also announced its acceptance of 98 cryptocurrencies nationwide through a partnership with Flexa, enhancing its digital payment options.