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The Latest Breaking News from Scott Boatwright

Why Consumers Are Abandoning Chipotle, Sweetgreen and Cava

While consumers confront the affordability crisis, fast-casual chains are paying the price as customers seek out budget-friendly options.

MarketBeat

$12 Burrito Out of Reach — Chipotle CEO Says Fewer Young Americans Dining Out Amid Student Loan Burden, Unemployment

Retail and restaurant chains are starting to feel the impact of persistent inflation, especially as lower-income customers cut back on spending.

Benzinga

McDonald’s and Cava earnings have one thing in common: The K-shaped economy has a vise grip on the lunchtime crowd

The restaurant chain CEOs noted that while young, lower-income consumers are pulling back, high-income earners are still hungry to spend.

Fortune

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Chipotle demand is cratering as Gen Z struggle to make ends meet

Many younger customers now say they’ll only indulge if they have a coupon

The Independent UK

Chipotle CEO sounds alarm on the American economy: Gen Z and millennials are too burdened by unemployment and student loans to eat out

“We’re not losing them to the competition. We’re losing them to grocery and food at home,” Scott Boatwright said.

Fortune

Chipotle CEO says there's 'no smoking gun' for burrito sales dip—but he wants customers to give the chain for more 'credit' for affordable prices

“We've got to figure out a way we can communicate value for the consumer,” Scott Boatwright told investors on Wednesday.

Fortune

Working While Working Out–Chipotle And Starbucks CEOs Share Ideas On How To Improve Their Companies During Daily 5 A.M. Workouts

Being the CEO of a major company can put you on a pedestal where the rank and file feel uncomfortable giving you feedback and ideas that would move the company forward faster. Plus, there is the relentless pressure of hitting quarterly performance targets. It can leave you feeling isolated. The…

Benzinga

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The CEOs of Starbucks and Chipotle hit the gym together each morning—they bounce ideas off each other at 5 a.m. between sets

The newest coffee or burrito innovation might not be spun out of the boardroom—but rather the weight room. Brian Niccol and Scott Boatwright spot each other every morning—and bounce ideas off each other in between sets.

Fortune

Why the hardest C-suite move is from No. 2 to No. 1

Leading a company requires a full identity shift, one that surprises even seasoned operators.

Fortune

Chipotle CEO says they will open a new restaurant almost every 24 hours this year, thanks to AI

Chipotle has plans to operate 7,000 North American locations of the fast-casual restaurant chain.

Fortune

Chipotle's new CEO is bringing back a missing ingredient to hit the chain's next goal—raising annual sales per store to $4 million

You can now expect a warmer greeting from your Chipotle burrito slinger.

Fortune

What Wall Street's CEOs Are Saying About Trump's Tariffs

We're in the thick of earnings season and corporate America has plenty to say about the Trump administration's trade policy.

Kiplinger

Chipotle CEO warns ‘the consumer is sitting on the sideline,’ leading to the chain’s first same-store sales decline since 2020

The fast-casual chain’s quarterly revenue fell short of expectations, due in part to more cautious consumers.

Fortune

Why Chipotle won't raise prices even in the event of tariffs, according to CEO Scott Boatwright

"I think it's unfair to the consumer to pass those costs off to the consumer, because pricing is permanent," Boatwright told Fortune.

Fortune

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Barchart

Ditch the Magnificent 7 and Buy This 1 Unlikely Stock If You’re Worried About a Stock Market Crash

As investors seek safe bets amid market turmoil, Chipotle’s steady growth and digital dominance make it a strong defensive play.

International Business Times UK

Is Chipotle Actually Closing? Company Says No, Here's Why

Chipotle is not closing in 2025, despite viral rumours— the company confirmed it's expanding with over 300 new locations and remains financially strong.

The Independent UK

What companies have said so far about how Trump tariffs will affect prices

‘Let’s be real honest, long-term, a 25 percent tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen,’ Ford CEO says

Fortune

Target CEO joins swarm of Fortune 500 retail executives warning of bigger bills as Trump’s tariff fallout hits the grocery aisle

Target shoppers can expect to see price increases on produce “over the next couple of days,” boss Brian Cornell said on Tuesday.

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The Independent UK

Chipotle says it will absorb any tariff price increases and not pass them to consumer

Fast food chain says its costs would only increase by 0.6 percent under Trump’s proposed tariffs

Fortune

Chipotle's CEO vows to keep prices the same for as long as possible even though Trump's tariffs will hit guacamole hard

Scott Boatwright didn’t rule out that prices could rise if costs become a “significant headwind.”

MarketBeat

The Fast and the Casual: Is Taco Bell Catching Up to Chipotle?

Taco Bell has seen its comp sales improve to 5% YoY growth while Chipotle's comp sales growth peaked at 11.4% in Q2 dropping to 5.4% YoY by the end of Q4 2024.

Fortune

CEO optimism 'is as high as we've ever seen'

Especially when it comes to the promise of AI.

Fortune

Chipotle admits its prices are going up—the same day a top analyst discovered higher-priced protein on the menu

The fast-casual Mexican chain has taken some heat for its inconsistent portion sizes, but analysts see better days ahead for Chipotle.

Salon

Why you might pay more at Chipotle soon

The famed burrito chain has increased its prices six times between 2021 and the beginning of this year

Fortune

Chipotle's new CEO Scott Boatwright will make millions leading the chain—but only half as much as ex-CEO Brian Niccol

Boatwright joined Chipotle in 2017 after spending 18 years at rival Arby’s Restaurant Group.

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