March 4, 2014 |
We tasted three new gluten-free chips that make a pretty basket together, as well as versatile dippers: beet with goat cheese, chipotle with guacamole and lentil with a hot salsa. Two of them come from the L.A. company the Better Chip - in beet and chipotle flavors. The company makes its chips with no more than five ingredients. For the beet, that's corn, chopped beets, oil and sea salt. They have 140 calories per serving, which is about 10 chips. The chipotle chips contain corn, smoked jalapeno peppers, oil and salt.
October 18, 2013 |
A day after announcing plans to raise prices in 2014, Chipotle Mexican Grill watched its stock surge in intra-day trading to an all-time high. The stock reached $511.10 a share on Friday before closing up 16%, or $70.67, at $509.74. Investors were cheered by the fast-casual chain's decision to charge more for food next year. Executives said an increase in the "mid-single digit range," landing in the middle of the year, "is a reasonable assumption. " It's "likely that the entire menu will be touched," said Chief Financial Officer John Hartung in a conference call with analysts Thursday.
September 26, 2013 |
“The Scarecrow,” a short animated video put out by Chipotle Mexican Grill, seems part Pixar, part Tim Burton, accompanied by a creepily melancholy version of the song “Pure Imagination” from the first Willy Wonka movie. At first it appears that the “pure imagination” is us kidding ourselves that our food is made of, you know, food, or something that we would recognize as food. A “100% beef-ish” product is extruded from a factory into children's lunches and the packages that shoppers put in their supermarket carts.
August 26, 2013 |
The sense of malaise settling over much of the restaurant industry seems to have missed a spot: the still-growing fast-casual segment that includes chains such as Chipotle Mexican Grill and Panera Bread. A new report from researchers at the NPD Group found that the number of upscale quick-service eateries - known for higher service levels, better-quality food and larger check sizes than their fast food cousins - grew 7% in the year ended in May. Foot traffic into such establishments rose 9% as customer visits to the restaurant industry as a whole stagnated.
July 19, 2013 |
Chipotle Mexican Grill Inc. is entering its 20s with another strong earnings report, a commitment to ditch genetically modified ingredients and an expanding Asian food concept. In its second quarter, which ended June 30, the fast-casual chain and stock market darling saw same-store sales increase 5.5%. The figures, announced after the market closed Thursday, helped push Chipotle stock up 7.7%, or $29.14, to $405.89 a share midday Friday in New York. The Denver company's stock is up nearly 27% so far in 2013.
June 28, 2013 |
In an initial public offering apparently blessed by the Flying Spaghetti Monster or some other deity inclined toward stringy foods, Noodles & Co. stock is soaring in its debut. The fast-casual restaurant chain opened up 78% at $32 a share Friday after pricing a day earlier at $18 a share. By midday in New York, the stock price had more than doubled to $37.69 a share. If the Broomfield, Colo., company can keep up the momentum, it may close the day as the best-performing debut to date this year.