Chairman and CEO Brian Niccol joined Jon Erlichman on BNN Bloomberg's Morning Markets to discuss Chipotle's performance in Canada, growth opportunities, employee retention, and delicious culinary. 🥑
Chipotle Mexican Grill’s Post
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Feeling the pressure as an F&B professional lately? You're not alone. Inflation, cost increases, staff shortages, economic slowdowns, and global conflicts have made navigating the industry a chaotic experience. But amidst the chaos, there's hope. F&B companies are not just surviving; they're thriving, expanding, and growing. It's not just luck—it's their ability to adapt and innovate. At Apicbase, we've been on a mission to gather insights from industry leaders, resulting in the '2024 Restaurant Industry Report.' This report is a game-changer, offering strategies and insights from top F&B brands like Kotipizza Group Oy and Taco Bell. Don't miss out on your chance to thrive in today's market. #restaurant #hospitality #restaurantindustry #foodandbeverage #business
CEO & Co-founder @ Apicbase (Digital Enterprise F&B Management Solutions) | Host @ The Food Service Growth Show | Venture Partner @ Birdhouse | Startup mentor
As an F&B professional, are you feeling the pressure for the past few months? ⇾ Inflation ⇾ Cost increases ⇾ Staff shortages ⇾ Economic slowdowns ⇾ Global conflicts impacting supplies The F&B industry has been facing one challenge after another. And it's been nothing short of chaotic. But... Despite the chaos, there are F&B companies out there not just surviving but thriving. Yes. They're not just staying afloat. They're GROWING. They're expanding. And it's not luck or chance. It's their ability to adapt and innovate. You know, for us, the past couple of months were absolutely crazy! It felt like the entire Apicbase team was on a mission. We were talking to F&B leaders, multi-outlet chain operators, and restaurant owners. Result? > 2024 Restaurant Industry Report < This report is the Holy Grail for anyone who wants to understand how the top F&B companies are not just surviving, but thriving, in this rapidly changing market. Inside, you'll find strategies and insights straight from the top F&B leaders. Strategies that have been tested and proven by the best in the business. We're talking about brands like Kotipizza Group Oy, Taco Bell, Basta Urban Italian, MAX Burgers, Peter Pane Burgergrill & Bar, Restaurant Company Europe (RCE), Happy Italy, Bastard Burgers, FR L'Osteria SE, Rocket Restaurants, and many more. If you want to thrive in today's F&B market, you need to think differently, act decisively, and stay ahead of the curve. And that's exactly what this report will help you do. Download here: https://bit.ly/49fsjAY It's free but for one week only. #restaurant #hospitality #restaurantindustry #foodandbeverage #business
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There is movement in both the leading US and Canadian chain operator ranking based on latest data release. Want to know more? We have reports and in depth insights on US Top 1,500 and Canadian Top 250 chains. Ask me! Technomic, Inc. #Top200 #Top500
Talk about an impressive achievement! Chipotle had a whopping 14.8% sales growth in 2022—the highest among the top 10 chain restaurants. They’re currently at the 10th spot, raking in over $8.5 billion in sales last year. Can they surpass Domino’s at #9 with $8.7 billion? Monitor the latest chain performance with Technomic’s Top 500 Report: https://bit.ly/41sLLH0
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CEO & Co-founder @ Apicbase (Digital Enterprise F&B Management Solutions) | Host @ The Food Service Growth Show | Venture Partner @ Birdhouse | Startup mentor
As an F&B professional, are you feeling the pressure for the past few months? ⇾ Inflation ⇾ Cost increases ⇾ Staff shortages ⇾ Economic slowdowns ⇾ Global conflicts impacting supplies The F&B industry has been facing one challenge after another. And it's been nothing short of chaotic. But... Despite the chaos, there are F&B companies out there not just surviving but thriving. Yes. They're not just staying afloat. They're GROWING. They're expanding. And it's not luck or chance. It's their ability to adapt and innovate. You know, for us, the past couple of months were absolutely crazy! It felt like the entire Apicbase team was on a mission. We were talking to F&B leaders, multi-outlet chain operators, and restaurant owners. Result? > 2024 Restaurant Industry Report < This report is the Holy Grail for anyone who wants to understand how the top F&B companies are not just surviving, but thriving, in this rapidly changing market. Inside, you'll find strategies and insights straight from the top F&B leaders. Strategies that have been tested and proven by the best in the business. We're talking about brands like Kotipizza Group Oy, Taco Bell, Basta Urban Italian, MAX Burgers, Peter Pane Burgergrill & Bar, Restaurant Company Europe (RCE), Happy Italy, Bastard Burgers, FR L'Osteria SE, Rocket Restaurants, and many more. If you want to thrive in today's F&B market, you need to think differently, act decisively, and stay ahead of the curve. And that's exactly what this report will help you do. Download here: https://bit.ly/49fsjAY It's free but for one week only. #restaurant #hospitality #restaurantindustry #foodandbeverage #business
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Helping hospitality businesses to control costs. Talking about #foodcost #foodwaste #inventory #restaurants #ghostkitchens
The Apicbase 2024 Restaurant Industry Report is here! Compiled via countless hours of research and many direct interviews with Industry Leaders this report lays out the challenges facing our sector today. The report explores the Drivers of Change, How Restaurant Leaders are Responding and How the Restaurant Landscape is Evolving as a result. Please take a moment to download your personal copy by clicking the link in the comments or at the bottom of Carl Jacobs original post. #restaurant #hospitality #foodandbeverage How are the current challenges and trends affecting you and your business? Comments and questions most welcome...
CEO & Co-founder @ Apicbase (Digital Enterprise F&B Management Solutions) | Host @ The Food Service Growth Show | Venture Partner @ Birdhouse | Startup mentor
As an F&B professional, are you feeling the pressure for the past few months? ⇾ Inflation ⇾ Cost increases ⇾ Staff shortages ⇾ Economic slowdowns ⇾ Global conflicts impacting supplies The F&B industry has been facing one challenge after another. And it's been nothing short of chaotic. But... Despite the chaos, there are F&B companies out there not just surviving but thriving. Yes. They're not just staying afloat. They're GROWING. They're expanding. And it's not luck or chance. It's their ability to adapt and innovate. You know, for us, the past couple of months were absolutely crazy! It felt like the entire Apicbase team was on a mission. We were talking to F&B leaders, multi-outlet chain operators, and restaurant owners. Result? > 2024 Restaurant Industry Report < This report is the Holy Grail for anyone who wants to understand how the top F&B companies are not just surviving, but thriving, in this rapidly changing market. Inside, you'll find strategies and insights straight from the top F&B leaders. Strategies that have been tested and proven by the best in the business. We're talking about brands like Kotipizza Group Oy, Taco Bell, Basta Urban Italian, MAX Burgers, Peter Pane Burgergrill & Bar, Restaurant Company Europe (RCE), Happy Italy, Bastard Burgers, FR L'Osteria SE, Rocket Restaurants, and many more. If you want to thrive in today's F&B market, you need to think differently, act decisively, and stay ahead of the curve. And that's exactly what this report will help you do. Download here: https://bit.ly/49fsjAY It's free but for one week only. #restaurant #hospitality #restaurantindustry #foodandbeverage #business
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Bill Ackman's largest individual holding as of today is #Chipotle. This company is an outlier in the restaurant industry due to their robust operating efficiency, despite operating a primarily corporate-owned chain (16% operating margin, average for restaurants is about 9%). And also their rapid rate of growth in recent years. The issue many investors have with Chipotle is its extremely high valuation. Currently they have a Price/Earnings ratio of 65.5x and a Price/Sales of 8.5x (average for the restaurant industry is 15.1 and 1.4, respectively). He initially invested into Chipotle around August of 2016, a time when it was trading at a depressed valuation due to food safety investigations which were threatening the company's brand image. However Bill Ackman's research found that, historically, large restaurant chains that faced these kinds of allegations were eventually able to move past them, despite some short term damage to the brand. So he used it as an opportunity to open a position, and his fund's returns since then have been ~700%. I think this is a very good lesson to investors on recognizing a high quality business, and having conviction when the market presents an opportunity to invest in the business at a fair price. And this is something you don't need a Harvard MBA to do. #valueinvesting #BillAckman
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Through more than 2,000 senior-level engagements, we’ve consolidated some insights related to the most pressing questions our clients come to us with looking for answers, and the biggest challenges that we help them tackle. Here’s a compilation of some of the most helpful how-to’s related to the restaurant industry, from how to reverse declining sales to how to reduce food costs, optimize labor, evaluate your brand, and launch a new menu or prepare for investment. Andrew Rigie Jeffrey Bank Bill Bonbrest Stephen Van Note Dennis Benson Seth Gurka Zachary Holbrook Robert Guarino John Kolaski Michael LaPlaca Michael White Bret Csencsitz John DeBrincat Jeff Mills Melissa Trumbull Sergio DeCiantis Scott Hughes Autumn Tidwell https://lnkd.in/evYkRVKx
15 Challenges in the Restaurant Industry and How to Tackle Them
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Co-Founder @ Palm Beach Hospitality | International Strategic Development | CEO at TTT | COO at Booty Bites
Taco Tuesdays is poised to be what Chipotle was two decades ago, a disruptor in the fast-casual food industry. Our innovative operations and layout model enable us to swiftly expand with efficient locations under 1500 sq. ft., supported by a commissary kitchen and benefiting from the ample opportunities in South Florida. We're aiming high, with a long-term goal of establishing 50 to 60 locations in the coming six years. Projecting an average of $1 million in sales per location, we foresee an exit valuation of around 5x the revenue, positioning the company’s value at an estimated $300 million on revenues of $50m to $60m. An investment today of $25,000 could potentially mature to millions, approximately $1.5 million to be precise. Considering the risk, is the investment worth it? Unquestionably! Today, Chipotle boasts a staggering $8 billion in revenue; that's 8,000 millions! I have every confidence that we will attain immense success and witness our investments multiply substantially. Get deck here 👉 https://lnkd.in/e84c5SbH
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American restaurant executives are bracing for another challenging year: while some supply challenges and immediate inflationary pressures have abated, many leaders anticipate hefty annual increases in labor and input costs over the next five years. Restaurants also continue to endure pressure to meet evolving consumer demands in an increasingly competitive environment. This article describes the range of benefits that restaurants can capture through a holistic RGM approach and then explains how to execute an integrated, long-term RGM strategy.
What’s on the menu? Revenue growth techniques for restaurants
mckinsey.dsmn8.com
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American restaurant executives are bracing for another challenging year: while some supply challenges and immediate inflationary pressures have abated, many leaders anticipate hefty annual increases in labor and input costs over the next five years. Restaurants also continue to endure pressure to meet evolving consumer demands in an increasingly competitive environment. This article describes the range of benefits that restaurants can capture through a holistic RGM approach and then explains how to execute an integrated, long-term RGM strategy.
What’s on the menu? Revenue growth techniques for restaurants
mckinsey.dsmn8.com
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Igniting purpose and unlocking potential for individuals and brands through writing, speaking, education, coaching, and consulting. 🚀
I recently came across a fascinating conversation that shed light on the decline of Chipotle Mexican Grill, starting in 2017. It highlights a common pattern of starting a company with strong values and delivering value, but then witnessing those founding principles gradually fade away over time until something once remarkable, becomes mundane. Here are some key takeaways: 1️⃣ Corporate Greed and Declining Customer Experience: Chipotle's decline seems to be attributed to a shift in priorities towards profit rather than customer satisfaction. Complaints about portion sizing, poor customer service, and a perceived decrease in food quality have risen. 2️⃣ The Importance of Food Integrity: Chipotle's early success was built on its commitment to food integrity and locally sourced ingredients. Their groundbreaking approach to sourcing produce, beans, and meat from responsible and ethical suppliers set them apart in the industry. 3️⃣ The McDonald's Partnership: McDonald's investment in Chipotle significantly impacted its expansion. However, diverging views on the fresh food integrity stance eventually led to a parting of ways. This transition marked a turning point for Chipotle. 4️⃣ Change in Leadership: The departure of the founder and the appointment of a new CEO from Taco Bell brought changes to Chipotle's identity and quality. Some have observed a decline in the overall experience, raising questions about the company's direction. 5️⃣ Locally Sourced Ingredients: A critical factor that made Chipotle unique was its emphasis on locally sourced ingredients. However, it remains uncertain whether this commitment has been maintained under the new management. This raises concerns about the company's values and the impact on the overall dining experience. 6️⃣ Worker Dissatisfaction: Reports of workers being reprimanded for providing generous portions indicate a potential issue with employee morale and compensation. This highlights the impact of corporate decisions on the frontline staff and the importance of fair treatment. Companies must balance growth and profitability with core values, or risk decline. What are your thoughts on Chipotle's decline? Have you noticed any changes in their offerings or customer experience? I'd love to hear your perspective and thoughts on how companies can maintain their integrity in the face of growth and change. #Chipotle #FoodIntegrity #CorporateGreed #Leadership
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