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) announced its 2022 Environmental, Social, and Governance (ESG) goals linked to executive compensation. Targets include increasing the purchase of organic and locally grown ingredients to at least 57 million pounds, up from 55 million in 2021. The company aims for a 5% reduction in Scope 1 and 2 greenhouse gas emissions. Additionally, Chipotle plans to enhance diversity in promotions, maintaining a 60% diversity rate in its internal candidate pipeline. Executive bonuses will be affected by achieving these ESG targets, signifying a commitment to responsible business practices.
Chipotle Mexican Grill (NYSE: CMG) has celebrated the opening of its 3,000th restaurant in Phoenix, Arizona, featuring the innovative Chipotlane drive-thru for digital orders. This milestone reflects the brand's commitment to expand its footprint, aiming for over 7,000 locations in North America. In the upcoming year, Chipotle plans to open 235 to 250 new restaurants, with a strategy focusing on enhancing guest access through digital innovations and locations. The company emphasizes achieving sustainable long-term growth and improving customer experiences.
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.
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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.
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