![]() DRI and Dave & Buster's Entertainment, Inc. ConcernsĬhipotle, which shares space with Cracker Barrel Old Country Store, Inc. The company intends to roll out to 200 existing restaurants in 2023. It also exhibits faster recovery time and less waste during non-peak periods. The initiative streamlines the rice cooking process with the ability to make white and brown rice at the same time. Meanwhile, the company initiated the rollout of new third-pan rice cookers. Following the rollout in select restaurants, the company reported solid feedback with respect to the same. The company initiated the testing of a new grill to improve the overall cooking process for chicken and steak. Increased focus on culinary improvements bodes well. CMG revealed that it has new menu items in the pipeline and that it intends to launch during third-quarter 2023. The introduction of new items and solid marketing activities that combine brand-building efforts and transaction-driving promotions and advertising are likely to lead to a steady inflow of new customers. The company announced the global rollout of Chicken Al Pastor in the United States, Canada and Europe and reported solid customer feedback. The addition was supported by the limited complexity of its restaurant operations. During the first quarter of 2023, the company announced the addition of Fajitas to its Quesadilla platform (as a permanent menu item) and reported a solid business with respect to the same. The addition enhanced customer access and convenience and bolstered new store restaurant sales, margins and returns Backed by impressive unit economics and the success of small-town locations, it anticipates opening between 255 and 285 restaurants in 2023, with more than 80% of the restaurants having Chipotlanes in them.Ĭhipotle is consistently focusing on menu innovation to drive growth. ![]() During the second quarter of 2023, Chipotle opened 47 new restaurants, with 40 locations, including a Chipotlane. The precision processing capabilities of Autocado can increase avocado fruit yield, aligning with Chipotle's sustainability goals and potentially saving millions of dollars in annual food costs.Ĭhipotle continues to focus on the addition of Chipotlanes to drive growth. This will allow employees to focus more on serving guests and providing excellent hospitality. With the initiative, the company aims to improve processing speeds and reduce guacamole prep time by 50%. The robot prototype is designed to cut, core and peel avocados for the restaurant's signature guacamole. The company also focuses on robotics-based autonomous vehicles for delivery, which will likely enhance the customer experience in the upcoming periods.Ĭhipotle recently announced a collaboration with Vebu, a product development company, to introduce Autocado. To drive growth, the company emphasizes testing changes to the smarter pickup times logic (based on different sales and deployment levels). Digital sales contributed 38% to sales during second-quarter 2023. ![]() ![]() There has also been a significant increase in digital orders and guest satisfaction since the rollout of its “Smarter Pickup Times” technology. The company has redesigned and simplified the online ordering site, enabled online payment for catering and collaborated with several well-known third-party providers for delivery. However, inflationary pressures are a concern.Ĭhipotle is leaving no stone unturned to make digital ordering more appealing to customers and increasingly efficient for restaurants. Also, the emphasis on menu innovation bodes well. CMG will likely benefit from digital initiatives, Chipotlane add-ons and culinary improvements.
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