Chipotle Mexican Grill Inc
Cava and Sweetgreen experience decline in delivery orders as customers opt for curbside pickup
A customer enters a Cava restaurant in Pasadena, California, on February 6, 2023. Mario Tama | Getty Images News | Getty Images The fast-casual chains Cava and Sweetgreen both reported a decrease in customers ordering delivery and an increase in customers picking up their own food, indicating that diners are becoming more cost-conscious. By breaking …
McDonald’s and Chipotle Revealed as Winners and Losers in Latest Restaurant Earnings
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC The second quarter proved to be a defining period for restaurant companies, with some emerging as winners and others as losers. Two key factors influenced their performance: menu prices and customer behavior. While some chains experienced alienation from diners due …
The Rise of Automation: A Potential Job Reducer, Yet Employment Opportunities to Increase in Robotics
Automation is expected to eliminate certain jobs in the future, but as more companies embrace robots in various industries, there is a growing opportunity for workers to contribute to the development and implementation of this technology. According to the World Economic Forum’s Future of Jobs Report for 2023, both humanoid and nonhumanoid robots are projected …
Southwest Airlines, Meta, eBay, and More: A Diverse Range of Companies
A Southwest Airlines aircraft at a gate at AustinBergstrom International Airport (AUS) in Austin, Texas, US, on Thursday, Feb. 16, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Here are some of the top companies making headlines in early morning trading: Southwest Airlines — The airline’s stock slid 6% premarket after releasing a mixed financial …
Harnessing the Power of META, CMG, NOW, and Beyond
Meta headquarters in Menlo Park, California, US, on Thursday, July 21, 2022. David Paul Morris | Bloomberg | Getty Images Here are the companies making headlines after the bell: Meta Platforms – Shares of Meta Platforms surged nearly 6% following better-than-expected quarterly results. The social media giant also provided an optimistic sales forecast for the …
Pre-Market Insights: 5 Key Factors to Understand Before Monday’s Stock Market Opening
Get ready for your trading day with these important news updates: 1. Dow Jones Engages in Strong Momentum Ahead of Fed Announcement As the new trading week begins, stock futures are showing a slight upward trend. The Dow Jones Industrial Average concluded last Friday with minimal gains but managed to achieve its longest winning streak …
Alshaya Group deal brings Chipotle to the Middle East next year
Chipotle announced on Tuesday that it has partnered with Alshaya Group, a leading franchise retail operator based in Kuwait, to open Chipotle locations in the Middle East in the coming year. Currently, Chipotle owns and operates over 50 locations in Canada and Europe, as well as approximately 3,200 locations in the United States. This partnership …
Chipotle experiments with avocado-preparing robot for guacamole
Chipotle Mexican Grill has developed a cutting-edge robot that automates the process of cutting, coring, and peeling avocados for its famous guacamole. This innovation comes as the restaurant industry faces a significant labor shortage. Currently, it takes approximately 50 minutes to make a batch of Chipotle’s guacamole. However, the newly unveiled Autocado robot has the …
Sweetgreen’s First Automated Location Lays Groundwork for Nationwide Tech Expansion
In early May, Sweetgreen introduced its first automated location in Naperville, Illinois. The company plans to leverage this technology to reduce labor costs and enhance the customer experience. However, it remains to be seen if customers, employees, and investors will embrace this new way of operating. Traditionally, the restaurant industry has been slow to adopt …