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.
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Chipotle Mexican Grill (CMG) is celebrating Leap Day on February 29 by offering free guacamole to Chipotle Rewards members who use code EXTRA24 on the Chipotle app or website. The brand is running an 'Extra Day, Extra Codes' challenge on Instagram from February 26 to February 29, where 29 fans can win free guac for a year by uncovering hidden keywords.
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Chipotle Mexican Grill, Inc. reported a strong financial performance for the fourth quarter and fiscal year ended December 31, 2023. The company saw a 15.4% increase in total revenue for the fourth quarter, with a 8.4% increase in comparable restaurant sales. Operating margin increased to 14.4%, and diluted earnings per share increased by 27.3%. For the full year, total revenue increased by 14.3%, with a 7.9% increase in comparable restaurant sales. Operating margin was 15.8%, and diluted earnings per share increased by 38.4%. The company also opened 271 new restaurants in 2023, and reported strong digital sales representing 36.1% of total food and beverage revenue in the fourth quarter and 37.4% for the full year.
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Chipotle Mexican Grill (NYSE: CMG) has launched a Must-Visit Restaurant list featuring its top 10 unique locations around the world, just in time for Valentine's Day. The list includes iconic destinations such as Sedona, Arizona, Boston, Massachusetts, St. Louis, Missouri, New York, New York, Austin, Texas, Fayetteville, Arkansas, London, U.K., Paris, France, Atlanta, Georgia, and Denver, Colorado. The company also revealed that people using the word 'Chipotle' in their online dating profiles were 2.4 times more likely to strike up a conversation with a potential match. Additionally, Chipotle will offer new Valentine's Day-themed virtual and physical gift cards for burrito lovers.
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Chipotle Mexican Grill (NYSE: CMG) announced new financial wellness and mental well-being support for over 110,000 employees, including a Student Loan Retirement Match program, high-tech Visa card for credit building, and hiring 19,000 employees for the upcoming 'burrito season' from March to May.
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Chipotle Mexican Grill (NYSE: CMG) partners with Strava for 'No Quitters Challenge', offering free Lifestyle Bowls to fitness enthusiasts. The company introduces segments on Strava and Lifestyle Bowls for a healthy lifestyle. The partnership aims to promote healthy habits and reward determined athletes with a chance at free Lifestyle Bowls.
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Chipotle Mexican Grill (NYSE: CMG) announced investments in Greenfield Robotics and Nitricity through its $50 million Cultivate Next venture fund. Greenfield Robotics offers regenerative agriculture solutions without chemicals, while Nitricity produces sustainable and cost-efficient fertilizer. The investments align with Chipotle's mission to Cultivate a Better World and support its aggressive growth plans.
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Chipotle Mexican Grill (NYSE: CMG) will host a conference call on Tuesday, February 6, 2024 at 4:30 PM Eastern time to discuss fourth quarter and full year 2023 financial results and provide a business update for the 2024 first quarter to date.
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Chipotle Mexican Grill (CMG) announced its latest Chipotle Goods merch drop for holiday gifting, including a Car Napkin Holder, limited edition t-shirt designs, and new holiday-themed virtual and physical gift cards. The Car Napkin Holder retails for $30 and includes a free entrée card, while the Mystery Tees, priced at $25 each, feature designs from four celebrated artists. Chipotle also introduced new physical and virtual holiday-themed gift cards, available for purchase on their website.
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Chipotle Mexican Grill (NYSE: CMG) has appointed Ilene Eskenazi as its Chief Human Resources Officer and Lois Alexis-Collins as Chief People Officer, Field Operations. Eskenazi brings vast human resources experience from Petco Health and Wellness Company and Boardriders, Inc. to strengthen Chipotle's workforce. Alexis-Collins, with a background in human resources at ABM and restaurant companies, will support Chipotle's 110,000+ employees.
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Chipotle reports Q3 financial results with a 5% increase in comparable sales and expanded margins. Diluted earnings per share increased by 23%. The company opened 62 new restaurants and plans for 255-285 new restaurant openings in Q4.
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