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) 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.
Chipotle Mexican Grill (CMG) reported strong Q3 2021 results, with total revenue rising 21.9% to $2.0 billion and comparable restaurant sales increasing 15.1%. Digital sales accounted for 42.8% of total sales, growing 8.6% year-over-year. The operating margin improved to 12.3% from 6.7%, while diluted EPS surged 154.6% to $7.18. The company opened 41 new restaurants, bringing the total to 2,892. Chipotle maintains a strong cash position with $1.2 billion and no debt, enabling continued strategic investments.
Chipotle Mexican Grill (NYSE: CMG) has announced the launch of Smoked Brisket in U.S. and Canada restaurants for a limited time starting September 23, 2021. This new menu item, crafted from responsibly sourced beef, features a unique blend of Mexican spices and a signature Brisket sauce. Chipotle will offer a $0 delivery fee for orders including Smoked Brisket from September 27 to October 3. The brisket has been highly requested by customers and represents the third new menu item introduced nationally in 2021 following previous successful launches.
Chipotle Mexican Grill (NYSE: CMG) has launched the Chipotle Creator Class, an initiative designed to empower influential creators with exclusive partnerships and perks. The inaugural class includes 14 founding members and invites one superfan to join by creating a TikTok video using #chipotlecreator. Participants will receive benefits such as free Chipotle, priority for paid opportunities, and involvement in virtual brainstorming sessions. The program aims to foster collaboration and redefine the relationship between brands and creators.
Chipotle Mexican Grill (NYSE: CMG) will host a conference call on October 21, 2021, at 4:30 PM Eastern to discuss its third quarter 2021 financial results. A press release detailing these results will be issued at approximately 4:10 PM Eastern on the same day. Interested participants can join via phone or by accessing a live webcast through the investor relations page on Chipotle's website. The company operates over 2,850 restaurants and is noted for its commitment to serving responsibly sourced ingredients.
Chipotle Mexican Grill (NYSE: CMG) announced enhancements to its Chipotle Rewards program, contributing to over $2 billion in digital sales this year. The program has reached 24 million members and is one of the fastest-growing loyalty initiatives in the restaurant sector. New features include 'Extras,' which gamifies rewards through personalized challenges, enabling members to earn more points and achievement badges. Members earn 10 points for every $1 spent, with double points available until September 3.
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.
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