Chipotle Mexican Grill

Financing

Chipotle's expectations for the year turn negative after a disappointing third quarter

Consumers are worried about the economy and dining out less often. Chipotle CEO Scott Boatwright fears the brand's value perception is tainted by being lumped with more-expensive fast-casual peers.

Operations

Chipotle's 3Q visits expected to stay negative, despite efforts to drive traffic

Fast-casual chains are facing a difficult macroeconomic environment and tough comparisons, including Chipotle, which is scheduled to report earnings on Wednesday. A Placer.ai report offers a preview of foot traffic trends.

The fast-casual chain is partnering in a joint venture with South Korea-based food company SPC Group, which is also the parent of Paris Baguette. Chipotle is already known in Asia, thanks in part to K-pop royalty and their devoted stans.

The Columbus, Ohio-based fast casual won a minority investment last year from Chipotle's Cultivate Next fund. Now Brassica is readying a jump to three new markets.

Smaller than catering but easier than ordering multiple meals, this "Build-Your-Own-Chipotle" digital offer at the fast-casual chain launches Tuesday. It is designed to convey value.

The fast-casual burrito chain said that it will launch delivery in Dallas with the company, which lowers orders to the ground from autonomous aircraft.

After a rough first half for fast-casual brands, some are questioning whether consumers have had enough of bowls. The answer is no.

The fast-casual chain is launching its first loyalty program specifically for college students. With about 250 restaurants near a campus, it's a way to target marketing around the rhythms of the academic year.

The Week in Restaurants: This week's episode of the restaurant news discussion podcast looks at Chipotle's tough quarter, right-wing pressure on Cracker Barrel and McDonald's new drink lineup.

The Bottom Line: The fast-casual burrito chain, which thrived during the Great Recession and shrugged off the pandemic, is suddenly on the defensive.

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