Tuesday July 26, 2022, 17:54:53

CMG (Post-Call): Menu Pricing Helps to Power Q2 EPS Above Expectations

By Mark Kalinowski

After today’s (Tuesday’s) market close, Chipotle Mexican Grill reported Q2 adjusted EPS of $9.30. This came in above our $8.90 forecast and ahead of sell-side consensus (according to Consensus Metrix) of $9.04.

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Sunday July 10, 2022, 11:00:00

CMG: An Update on Unionization Efforts at Chipotle

By Mark Kalinowski

In late June, employees of a Chipotle Mexican Grill restaurant in Augusta, Maine became the first to officially seek to unionize. On June 22nd, the Kennebec Journal (of Maine) reported that “Workers at the Augusta Chipotle Mexican Grill are forming a union that could make it the first such unionized restaurant in the nation if the effort succeeds. A majority of workers at the restaurant located at the Marketplace at Augusta signed union cards expressing their intent to join a to-be-formed new union, Chipotle United, according to Brandi McNease, one of the crew members at the restaurant and leader of efforts to unionize her fellow workers.” For more info:

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Thursday June 23, 2022, 07:00:00

CMG: Unionization Risks Tick Up as First Chipotle Restaurant Seeks to Unionize

By Mark Kalinowski

Employees of a Chipotle Mexican Grill restaurant in Augusta, Maine are apparently the first to officially seek to unionize. The Kennebec Journal (of Maine) reports that “Workers at the Augusta Chipotle Mexican Grill are forming a union that could make it the first such unionized restaurant in the nation if the effort succeeds. A majority of workers at the restaurant located at the Marketplace at Augusta signed union cards expressing their intent to join a to-be-formed new union, Chipotle United, according to Brandi McNease, one of the crew members at the restaurant and leader of efforts to unionize her fellow workers. A letter was signed by several employees who in a show of solidarity were on hand to deliver it together to an onsite manager Wednesday morning, a copy of which was also sent to Chipotle’s corporate offices. It states that a majority of the Augusta location’s crew ‘wish to be represented by Chipotle United for the purposes of collective bargaining.’” For more info:

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