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The Latest Breaking News from Scott Boatwright

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

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.

Barchart

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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.

International Business Times 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

The Independent UK

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.

Fortune

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

The Independent UK

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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.”

Fortune

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.

MarketBeat

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.

Fortune

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

Salon

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.

Fortune

Chipotle Names Permanent CEO After Previous Leader Bolted For Starbucks

Chipotle Mexican Grille has appointed Scott Boatwright as its permanent CEO, to contribute to the company's strategy and growth.

International Business Times

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Fortune

Chipotle's new CEO gets approving nod from analysts

Boatwright is likely to look to new CFO Adam Rymer as a strategic partner.

International Business Times

Shareholders Sue Chipotle Over Portion Sizes

The suit claims portion sizes were "inconsistent" and hurt customer loyalty.

Salon

Chipotle has fixed its portions problem

The burrito chain's total revenue was up $2.8 billion, according to its third-quarter earnings report

International Business Times

Chipotle Says Social Media Photos Show Customers Excited About Portion Sizes

The company had taken heat on social media that it has been skimping on order sizes

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Fortune

Chipotle’s beefed-up portion sizes take a bite out of profitability

The burrito-bowl chain said it would offset the investment in more rice and pico de gallo with efficiencies in its supply chain.

Fortune

Chipotle's CEO just bolted—but the company is in good hands, say analysts

CFO Jack Hartung has postponed his retirement and is taking on a newly created position.

Kiplinger

Chipotle Stock Sinks As CEO Heads to Starbucks

Chipotle stock is plunging Tuesday after the burrito chain said its CEO Brian Niccol is leaving to take the top spot at Starbucks. Here's what you need to know.

Fortune

Chipotle CFO Jack Hartung pivots from retirement and takes on a new role

Hartung has agreed to remain with the company indefinitely.

The Orange County Register

Chipotle Mexican Grill tests robot that can skin avocados

Chipotle Mexican Grill is working on a way to split the work of making guacamole between humans and machines.

The Independent UK

Chipotle to pay $20m to 13,000 workers for violating rights in largest fair workweek settlement in US history

The company violated workers’ rights to paid sick leave and predictable scheduling

Al Jazeera

Chipotle to pay NYC workers $20m for violating city labour laws

The fast-food chain agreed to pay about 13,000 employees who worked at its New York City restaurants.

People

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