Chipotle Mexican Grill Inc
3 trends are dividing restaurant companies into winners and losers
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC Restaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers. Some chains said their higher menu prices alienated diners, while others said consumer behavior hasn’t changed even as their food and […]
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Cava and Sweetgreen see delivery orders fall as customers pick up their own food
A customer enters a Cava restaurant in Pasadena, California, Feb. 6, 2023. Mario Tama | Getty Images News | Getty Images Fast-casual chains Cava and Sweetgreen each said customers are ordering delivery less often and instead picking up their own food, in a signal that diners are growing more thrifty. Breaking a delivery habit is […]
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The robots are coming — and the companies building them are looking for workers
There’s no denying automation will eliminate certain jobs in the coming years. But as companies adopt robots on manufacturing floors, in kitchens and on delivery routes, workers have a growing opportunity to join the ranks in helping to build and implement the technology. Both humanoid and nonhumanoid robots are set to reduce employment in the […]
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McDonald’s is creating a spinoff restaurant brand called CosMc’s
1980s McDonald’s Commercial screenshot featuring CosMc. Source: McDonald’s | YouTube McDonald’s is creating a spinoff restaurant chain called CosMc’s, executives said Thursday. The fast-food giant shared few details about the project during its second-quarter earnings call. “CosMc’s is a small format concept with all the DNA of McDonald’s, but with its own unique personality,” McDonald’s […]
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Chipotle shares slide as sales tumble small of Wall Street’s expectations
A Chipotle restaurant in New York, US, on Monday, July 3, 2023. Jeenah Moon | Bloomberg | Getty Illustrations or photos Chipotle Mexican Grill on Wednesday documented quarterly earnings that crushed expectations, but the burrito chain’s sales fell limited. The stock fell far more than 9% in prolonged trading. Shares had been up 50% this […]
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