Chipotle Mexican Grill Inc Stock Price, News & Analysis

Chipotle Mexican Grill (NYSE: CMG) is testing a new menu item, Plant-Based Chorizo, in Denver and Indianapolis, marking its first plant-based protein option since Sofritas in 2014. The recipe features real ingredients, including Ancho Chili, Chipotle peppers, and peas, delivering 20 grams of protein per serving without artificial additives. To encourage trial, Chipotle is offering a $0 delivery fee on Plant-Based Chorizo orders until August 29. The company utilizes a stage-gate process to refine menu items based on customer feedback before a potential national launch.

Chipotle Mexican Grill (NYSE: CMG) announced a $100K initiative to support teachers with school supplies as they return to classrooms. With 94% of public-school teachers spending nearly $500 of their own money on supplies, the brand aims to alleviate their financial burden. Teachers can share their receipts on Twitter for a chance to be reimbursed. Additionally, Chipotle’s fundraising program has raised $58 million for schools. The company also partners with Kids In Need Foundation to supply under-resourced schools, providing crucial materials for active learning.

Chipotle Mexican Grill (NYSE: CMG) is celebrating National Avocado Day on July 31, 2021, by offering a digital promo code, AVO2021, for a free topping or side of guacamole with any entrée purchase made through its app or website. The promotion is available in the U.S. and Canada and is limited to one free item per transaction. Additionally, Chipotle is waiving delivery fees on orders made through its app and website until August 1, 2021. Chipotle anticipates using approximately 4.5 million cases of avocados this year, highlighting its commitment to quality ingredients.

Chipotle Mexican Grill (NYSE: CMG) is celebrating National Avocado Day on July 31 with a digital-only promo code, AVO2021, for free guacamole with an entrée purchase, available in the U.S. and Canada. The $0 delivery fee promotion is also active from July 28 to August 1. Chipotle expects to use approximately 4.5 million cases of avocados this year, equating to over 100 million pounds of fruit. The promotion aims to enhance engagement with customers and highlight Chipotle's commitment to sustainable sourcing.

Chipotle Mexican Grill reported strong Q2 results for 2021, with revenues soaring 38.7% to $1.9 billion and a 31.2% increase in comparable restaurant sales. Operating margin rose to 13.0%, up from -0.4%, and diluted EPS jumped to $6.60, a 2,175.9% year-over-year increase. The company opened 56 new restaurants, enhancing its total to 2,853. Digital sales grew 10.5% to $916.5 million, representing 48.5% of total sales. The outlook for Q3 suggests continued positive trends amidst ongoing pandemic considerations.

Chipotle Mexican Grill (NYSE: CMG) is harnessing TikTok Resumes to attract Gen-Z applicants amid a competitive labor market. The company will also conduct its second "Coast To Coast Career Day" on July 15, aiming to hire 15,000 additional employees to meet rising demand. Applicants can schedule interviews and benefit from increased wages, with hourly rates now averaging $15. Chipotle has already hired over 82,000 crew members this year, with significant opportunities for career advancement.

Chipotle Mexican Grill (NYSE: CMG) has launched a promotional campaign during the 2021 Men's Professional Basketball Championship Series, offering up to one million dollars in free burritos hidden within its TV ads. The campaign began with Game 1, where 10,000 free burritos were given away, and will continue through subsequent games, with increasing quantities (up to 40,000 for Game 5 if necessary). This innovative approach builds on previous successful marketing strategies, engaging fans with a unique 'game within the game' experience.

Chipotle Mexican Grill (NYSE: CMG) announces a buy-one, get-one free promotion for in-restaurant entrees on July 6 from 3 PM to close at participating U.S. locations. This initiative supports the White House's vaccination campaign. Customers can redeem this offer by saying 'Friends BOGO' at the register. Additionally, from July 1 to July 14, Chipotle will support Folds of Honor through its app by allowing guests to round up their change for scholarships for families of fallen and disabled service members. For more details, visit the Chipotle website.