Search
News Links

Search Amazon Here

Local
« S.C. Teachers Could Get Pay Raise in the Fall | Main | S.C. House Overrides Veto of Criminal Record Erasing Bill »
Wednesday
Jun272018

Chipotle to Close Some Stores, Revamp Menu

Chipotle Mexican Grill Inc will shut up to 65 underperforming restaurants as it revamps the menu and marketing under new Chief Executive Officer Brian Niccol, executives of the burrito maker promised on Wednesday. No list of potential closing sites has been announced so far.

Niccol and his team in a much-anticipated call with investors, who have driven shares up more than 80 percent since Niccol’s hiring was announced in February, focused on how the once high-flying chain could raise so-called digital sales. Chipotle will add in-app delivery to about 2,000 restaurants by the end of the year and launch a long-awaited loyalty program in 2019. 

Executives did not say whether fast-casual dining menu items such as quesadillas and nachos would be added to the menu, and they brushed aside a question about international plans, saying they would focus on “aggressive growth” in the United States. 

Shares fell about 3 percent to $443 in after-hours trade after executives said the changes would cause charges of $115 million to $135 million, including about $50 million to $60 million in the second quarter. The chain will close 55 to 65 restaurants in the process. 

Chipotle also said it would launch a customer loyalty program in 2019, as the troubled burrito chain seeks to right course after consumer fatigue and a rash of food safety lapses dragged on the brand. 

The company said it would begin testing the program in the second half of this year. 

PrintView Printer Friendly Version

EmailEmail Article to Friend

References (145)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: mujer x caballo
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: cabello hidratado
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: pelo o cabello
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: www.gcsg.ch
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: ferrann
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: minoxidil veracruz
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: shampoo de chile
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: web page
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: love
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: FIFA55
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: cunt
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: fifa555
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: enema
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: orgas
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: orgas
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: bastard
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: cum
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: schlong
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: jizz
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: rectum
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: xxx
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: Bonuses
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: privacy shelters
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: see this page
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: click for more
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: site here
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: Continued
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: Get the facts
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: discuss
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: cheap canada goose
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    Response: canada goose uk
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp
  • Response
    The Anderson Observer - News - Chipotle to Close Some Stores, Revamp

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>