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) delivers fresh perspectives on fast-casual innovation through this comprehensive news hub. Track official announcements and strategic developments from the pioneer of Food with Integrity – the industry leader combining culinary excellence with sustainable practices.
Access real-time updates on earnings reports, restaurant expansion plans, and technological advancements like the Autocado automation system. Stay informed about sustainability milestones including methane-reduction partnerships and progress toward 7,000 North American locations.
This resource consolidates essential updates for monitoring CMG's market position, including:
- Quarterly financial performance
- New Chipotlane® drive-thru openings
- Menu innovation announcements
- Supply chain initiatives
- Leadership updates
Bookmark this page for streamlined access to Chipotle's evolving story in restaurant technology and responsible sourcing. Check regularly for verified updates directly impacting the company's growth trajectory and industry influence.
Chipotle Mexican Grill (NYSE: CMG) reported strong Q4 and FY 2021 results, with revenues rising 22% to $2 billion in Q4 and 26.1% to $7.5 billion for the year. Comparable restaurant sales saw significant growth of 15.2% in Q4 and 19.3% for the full year. Digital sales constituted 41.6% of sales, growing 3.8% year over year. Net income for Q4 was $133.5 million ($4.69 per share), a decrease from $191 million in 2020. For 2022, Chipotle anticipates mid to high single-digit comparable sales growth and plans to open 235 to 250 new locations.
Chipotle Mexican Grill (NYSE: CMG) has launched its new Plant-Based Chorizo at U.S. locations starting January 3, 2022, for a limited time. This vegan protein option features real ingredients and delivers 16 grams of protein per 4oz serving. Following successful tests in Denver and Indianapolis, Chipotle aims to cater to health-conscious consumers with the introduction of three new Lifestyle Bowls, also available on the app and website. A promotional period from January 3-9 offers $0 delivery on orders featuring Plant-Based Chorizo.
Chipotle Mexican Grill (NYSE: CMG) is set to open its first Chipotlane Digital Kitchen in Cuyahoga Falls, Ohio, by the end of December 2021. This innovative restaurant format prioritizes digital order pickups through a drive-thru and walk-up window, catering to growing digital demand. The Chipotlane design is notably smaller than traditional locations, with no indoor dining, enhancing operational efficiency. Since their introduction in 2018, Chipotlanes have shown a remarkable 15% increase in sales compared to non-Chipotlane restaurants, marking a significant growth strategy for the brand.
Chipotle Mexican Grill (NYSE: CMG) has scheduled a conference call to discuss its fourth quarter and full year 2021 financial results on February 8, 2022, at 4:30 PM Eastern time. An accompanying press release will be issued at approximately 4:10 PM Eastern time on the same day. Participants can join the call by dialing 1-888-317-6003 or 1-412-317-6061 for international calls. The call will also be webcast on Chipotle's investor relations page, with an archived version available shortly after the call's conclusion.
Chipotle Mexican Grill (NYSE: CMG) has launched a playful new product, Cilantro Soap, available on chipotlegoods.com. The product stems from a popular social media meme, reflecting the ongoing cilantro debate among fans. From December 2 to December 8, Chipotle Rewards members can earn an exclusive Cilantro Lover badge with qualifying purchases. Additionally, the company has introduced new items in its Chipotle Goods line, which utilizes avocado pits for sustainable dyeing, furthering its commitment to sustainability with a 51% waste diversion rate achieved in April 2021.
Chipotle Mexican Grill (NYSE: CMG) has premiered a new film titled "A Future Begins," which aims to highlight the challenges faced by U.S. farmers. The film features a cover of Coldplay's "Fix You" by Kacey Musgraves and champions sustainable farming practices. As part of its initiative, Chipotle is advocating for the 2023 Farm Bill to secure access to one million acres for young farmers. The company plans to invest $5 million over the next five years to support young farmers and is promoting a collaboration with Carhartt to launch limited edition apparel.
Chipotle Mexican Grill (NYSE: CMG) has announced ambitious science-based targets to cut its greenhouse gas (GHG) emissions by 50% by 2030, based on 2019 levels. The targets align with a global temperature increase trajectory of 1.5°C and involve key business areas such as restaurants, transportation, food supply chain, and waste reduction. The company aims to achieve this through sustainable practices, improved energy management, and innovative solutions. Additionally, Chipotle has linked a portion of executive compensation to Environmental, Social and Governance (ESG) goals.
Chipotle Mexican Grill (NYSE: CMG) is testing its first chicken menu item, Pollo Asado, at 95 restaurants in Cincinnati and Sacramento. This innovation features flavors like garlic, fresh lime, and guajillo peppers, aiming to cater to the popularity of chicken among its customers. Pollo Asado will be available alongside existing menu items for a limited time, with a promotional $0 delivery fee for online orders from November 8 to 14. This move represents a significant menu expansion for the company, enhancing its offerings with freshly prepared ingredients.
Chipotle Mexican Grill (NYSE: CMG) is celebrating the 21st year of its Boorito Halloween event by launching a virtual restaurant on Roblox. The event, starting on October 28 at 3:30 pm PT, will feature $1 million in free burritos available to the first 30,000 visitors in costume each day until October 31. Additionally, fans can purchase a $5 entrée on Halloween using the promo code 'BOORITO' through the app or website. This initiative aims to engage customers in a unique metaverse experience while providing exclusive virtual items and costumes.
