Chipotle Mexican Grill, Inc. operates Chipotle Mexican Grill restaurants, which serve a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads, made using fresh ingredients.
The National Retail Federation wants Congress to pass the bipartisan Save American Workers Act to amend the Affordable Care Act’s definition of full-time employment from 30 hours per week to 40 hours a week.
The measure could have important consequences for the restaurant industry.
Breakfast traffic at restaurants increased 3% last year to easily outpace lunch and dinner visits which both showed declines, according to NPD data.
Quick service restaurants accounted for close to 80% of all the breakfast visits by consumers.
McDonald's (MCD) and Starbucks (SBUX) strengthened their breakfast market share position during the year, but a host of companies including Taco Bell (YUM) and Chipotle (CMG) are testing new formats and breakfast items.
Three Senate Democrats have broken away from Majority Leader Harry Reid's $10.10/hour line in the sand on minimum wage legislation.
Mary Landrieu of Louisiana, Mark Pryor of Arkansas, and Mark Warner of Virginia have all tipped off that they think there could be some room to negotiate over the amount of an increase over the current federal minimum wage of $7.25/hour. The GOP likes the status quo, but is viewed as likely to give some ground in an election year.
Federal minimum wage legislation could create higher costs in the retail and restaurants sectors as companies adjust to the new higher floor.
Last week, Gap made a preemptive move to raise its own hourly wage in a development that stirred the pot a little bit.
Don't look for a lot of fast-casual chains to move toward offering drive-thru windows as a growth driver, according to Restaurant Finance Monitor.
Panera Bread (PNRA +0.7%) has dabbled with the concept, while it sometimes gets thrown into discussion on the growth matrix of vibrant chains such as Chipotle (CMG +0.2%) and Noodles (NDLS +0.6%).
Inside the numbers: Though incremental sales are picked up from on-the-go diners, unit economics dictate there is more value in developing normal store units than investing in large build-outs or retrofits. Just ask Subway.
A new comedy series developed by Chipotle (CMG +0.7%) is airing on Hulu and Hulu Plus this week.
Farmed and Dangerous doesn't pull any punches in depicting some aspects of the U.S. agriculture industry as harmful to consumers. Reviews from critics and consumers on the 4-show series have been favorable.
The company's foray into TV development is motivated by brand-building and raising food awareness as it forsakes the typical fast-food chain marketing track of relentless TV commercials, promotions, and discounts.
Belus Capital upgrades Chipotle (CMG -0.6%) to a Buy rating and takes its price target up to $600 from $500 to factor in the restaurant chain's surprising sales momentum amid a retail traffic slog.
Though valuation is high on Chipotle, by some measure it stacks up rather nicely. The restaurant chain produces twice as much operating cash flow per share than McDonald's or Yum Brands, observes SA contributor Epic Options Trader.
What to watch: Chipotle is expected to raise prices by 3% to 5% sometime this year. Resistance from consumers could be mild with the brand and customer satisfaction levels both strong.