Sunday July 10, 2022, 11:00:00
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
By Mark Kalinowski
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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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Tuesday April 26, 2022, 17:46:17
By Mark Kalinowski
After today’s market close, Chipotle reported adjusted Q1E EPS of $5.70. This was slightly below our $5.75 estimate, but slightly above sell-side consensus (according to Consensus Metrix) of $5.66. However, the adjusted Q1 tax rate came to 16.7%. This was meaningfully more favorable than our 25.0% forecast and consensus of 25.0%. We calculate that this difference between the actual adjusted tax rate and our 25.0% forecast helped Q1 EPS by about +59 cents.
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