Chipotle Mexican Grill Inc
Chipotle signs first-ever franchise partner to open locations in the Middle East
Chipotle logo is seen near the restaurant in Chicago, United States on October 19, 2022. Jakub Prozycki | Nurphoto | Getty Images Chipotle announced Tuesday it has signed an agreement with Kuwait-based Alshaya Group, its first-ever franchise partner, to open locations in the Middle East next year. Chipotle currently has just over 50 locations in […]
Read More
Chipotle tests robot that can prepare avocados to make guacamole faster
Avocados sliced, cored and peeled by the Autocado robot created by Chipotle and Vebu Labs. Source: Chipotle Mexican Grill Chipotle Mexican Grill has developed a robot that can cut, core and peel avocados used in its guacamole as the restaurant industry faces a sustained labor shortage. Today, it takes roughly 50 minutes to make a […]
Read More
Inside Sweetgreen’s first automated location — and the salad chain’s plans to take the tech nationwide
In early May, Sweetgreen opened its first automated location, in the Chicago suburb of Naperville, Illinois. After only a few weeks operating the restaurant, the salad chain is preparing to go all in on the technology to cut labor costs and improve the customer experience. But in the early days of the automation trial, only […]
Read More
How restaurants such as Panera and Chipotle are dipping into A.I. to streamline food prep and ordering
From drive-thru to back-of-house operations to predictive ordering for consumers, restaurant brands are starting to pilot artificial intelligence to streamline food service. The technology has yet to reach critical mass at major chains but has the potential to automate more tasks and give restaurant workers the opportunity to have a more meaningful experience with guests. […]
Read More
Cava prices IPO at $22 per share, above stated range
The Cava logo is displayed at a Cava location in Pasadena, California, Feb. 6, 2023. Mario Tama | Getty Images News | Getty Images Mediterranean fast-casual restaurant chain Cava priced its initial public offering at $22 per share, above a previously stated range, the company said Wednesday. Cava said it sold 14.4 million shares, which […]
Read More
What Apple’s entry into virtual fact indicates for the upcoming of Meta Platforms and the metaverse
Meta Platforms ‘ eyesight to sell a long term wherever men and women get the job done, enjoy and mingle in a digital globe may perhaps finally be obtaining its extensive-overdue validation many thanks to an not likely companion. Apple on Monday unveiled its very expected mixed fact product, known as Vision Professional , at […]
Read More
Consumers are more likely to cut back on restaurant visits than trade down to fight inflation, report says
People sit outdoors at the Petite Crevette Restaurant on June 05, 2021 in the Brooklyn borough of New York City. Robert Nickelsberg | Getty Images During the Great Recession, consumers hunted for bargains, trading down to cheaper restaurants or picking the least expensive menu options. But today, as inflation puts pressure on their wallets, consumers […]
Read More
Restaurants expect strong sales this summer. Consumers aren’t so sure
A waitress delivers sushi orders at Masa Hibachi Steakhouse & Sushi in Silver Spring, Maryland. Bill O’Leary | The Washington Post | Getty Images Warmer weather usually boosts restaurant sales, but diners may hold back for the second straight summer as inflation weighs on consumers’ minds — and wallets. “I think operators are still hopeful […]
Read More
Here are shares to very own to acquire the credit card debt ceiling, bond industry out of your investing equation
Are the travails of the bond current market, like Macbeth expounds, a “tale told by an fool, comprehensive of sound and fury, signifying nothing at all?” As we grapple with the entire edifice of fixed cash flow, the existential crisis of Treasurys, the multitrillion-greenback market that the tale is dependent on, I have come to […]
Read More
Mediterranean restaurant chain Cava files for IPO as revenue climbs
A person walks past a Cava restaurant location in Pasadena, California, February 6, 2023. Mario Tama | Getty Images Mediterranean restaurant chain Cava saw its revenue rise 12.8% in 2022, according to regulatory filings released Friday as it filed to go public through an initial public offering. It plans to trade on the New York […]
Read More