Chipotle to launch Adobo Ranch dip after sluggish start to the year
Chipotle Mexican Grill is hoping that Americans' love for ranch will boost its sales.
On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has transcended salads to adorn pizza, chicken wings and chips. The menu item is Chipotle's first new dip since queso blanco, which launched in 2020.
The debut comes as Chipotle tries to recover from a rough start to the year. In the first quarter, the company reported its first same-store sales decline since 2020. Executives cited a pullback from consumers who had become more concerned about the economy.
The company also lowered the top end of its outlook for full-year same-store sales growth and said traffic wouldn't grow until the second half of the year.
Shares of Chipotle have fallen 12% this year, dragging its market cap down to $71 billion.
But Adobo Ranch could help to boost the company's sales if it draws cautious diners back to the chain's restaurants.
The dipping sauce is made with adobo peppers, sour cream and herbs and spices, according to the company. Adding Adobo Ranch to an order will cost an extra 75 cents.
Ranch outsells ketchup, although NIQ retail sales data shows that mayo still holds the top spot as the favorite condiment of U.S. consumers.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
6 hours ago
- The Independent
Major airlines may have been secretly selling your flight data to DHS, report claims
Americans' flight data may have been sold to Customs and Border Protection (CBP) without their knowledge, internal CBP documents obtained by 404 Media suggest. A data broker, the Airlines Reporting Corporation (ARC), owned by several of the top airlines in the U.S., including Delta, American Airlines, and United, reportedly gathered the flight records of U.S. travelers and sold access to CBP. Part of the contract was that CBP wasn't allowed to share where the data had originated from, the report says. The data included passengers' names, itineraries, and financial information, according to Wired. CBP is part of the Department of Homeland Security. The agency has stated that it requires the data to support state and local law enforcement in tracking individuals of interest. This comes after Immigration and Customs Enforcement (ICE) outlined how it also bought the data. 'The big airlines—through a shady data broker that they own called ARC—are selling the government bulk access to Americans' sensitive information, revealing where they fly and the credit card they used,' Democratic Sen. Ron Wyden said in a statement. "ARC has refused to answer oversight questions from Congress, so I have already contacted the major airlines that own ARC—like Delta, American Airlines, and United—to find out why they gave the green light to sell their customers' data to the government." Publicly shared documents show that ARC is owned and operated by at least eight top U.S. airlines. Delta, Southwest, United, American Airlines, Alaska Airlines, JetBlue, as well as European airlines Lufthansa and Air France, in addition to Air Canada, all have representatives on the company's board of directors. Over 240 airlines use ARC's services for ticket settlement. The company also connects airlines and travel agencies, locating travel trends with other companies such as Expedia. It also provides fraud prevention, the ARC YouTube channel and website show. The selling of travel information is conducted via the company's Travel Intelligence Program (TIP). The documents obtained by 404 Media via a Freedom of Information Act request state that CBP needed access to the information 'to support federal, state, and local law enforcement agencies to identify persons of interest's US domestic air travel ticketing information.' The documents reveal that ARC asked CBP to 'not publicly identify vendor, or its employees, individually or collectively, as the source of the Reports unless the Customer is compelled to do so by a valid court order or subpoena and gives ARC immediate notice of same.' The data delivers 'visibility on a subject's or person of interest's domestic air travel ticketing information as well as tickets acquired through travel agencies in the U.S. and its territories,' the documents state. According to a DHS Privacy Impact Assessment, the data is updated daily and includes more than a billion records over the course of 39 months of travel, both past and future. TIP can be searched using names, credit cards, or airlines. However, the data only includes travel arrangements made using a travel agency accredited by ARC, such as Expedia. 'If the passenger buys a ticket directly from the airline, then the search done by ICE will not show up in an ARC report,' the assessment states. It also says that data is included on both U.S. and non-U.S. persons. The deputy director of the Center for Democracy & Technology's Security and Surveillance Project, Jake Laperruque, told 404 Media that 'While obtaining domestic airline data—like many other transaction and purchase records—generally doesn't require a warrant, they're still supposed to go through a legal process that ensures independent oversight and limits data collection to records that will support an investigation.' 'The government seems intent on using data brokers to buy their way around important guardrails and limits,' he added. A spokesperson for CBP told Wired that the agency 'is committed to protecting individuals' privacy during the execution of its mission to protect the American people, safeguard our borders, and enhance the nation's economic prosperity.' 'CBP follows a robust privacy policy as we protect the homeland through the air, land and maritime environments against illegal entry, illicit activity or other threats to national sovereignty and economic security,' the spokesperson added. ARC earlier told The Lever that TIP 'was established after the September 11 terrorist attacks to provide certain data to law enforcement … for the purpose of national security matters' and criminal probes.
NBC News
17 hours ago
- NBC News
Inflation report expected to show whether companies heeded Trump's call to 'eat' tariff costs
The president wants U.S. firms to 'eat' the cost of his tariffs. Fresh price-growth data will show whether he's getting his wish. The monthly inflation report set to be released Wednesday by the Bureau of Labor Statistics is expected to provide the most definitive look yet at whether U.S. companies are passing the cost of President Donald Trump's higher import duties on to customers. And there's some anticipation that inflation has ticked up. The Consumer Price Index, which tracks changes in prices for consumer goods and services, is forecast to show a 12-month increase of 2.4% in May, compared with a 2.3% annual pace in April, according to a survey by Dow Jones Newswires. 'Core' inflation, a measure closely watched by economists that excludes prices for food and energy, which tend to fluctuate more, is expected to rise 2.9% over the year, up from 2.8% in April. The core month-on-month reading was expected to climb to 0.3% from 0.2% in April. The president's on-again, off-again tariffs and trade-deal announcements have scrambled the spending plans of businesses and consumers. As a result, sentiment surveys have shown deteriorating confidence since April, when Trump rolled out his 'Liberation Day' tariffs that reset the base U.S. import duty level to 10%. Trump campaigned on promises to bring price relief to Americans, but economists say his tariffs by definition will lead to price increases. As price pressures from the tariffs have begun to build, businesses are signaling they will pass along higher prices to customers — in spite of Trump's warnings not to do so. Walmart said last month that consumers would soon start seeing higher costs. The National Federation of Independent Businesses reported Tuesday that a net 31% of its surveyed members planned price hikes last month, up from 28% in April. 'Walmart making their announcement that customers are going to start seeing higher prices really underscores how businesses are starting to feel this,' said Stephen Kates, financial analyst with Bankrate. 'And if the largest businesses are saying this, smaller businesses are definitely feeling it, too — there's no way around that fact.' Walmart responded to Trump's threats by saying it would 'keep prices as low as we can for as long as we can given the reality of small retail margins.' Price inflation is already hitting other parts of the economy. In May, U.S. factories registered the highest share of price-increase reports since November 2022, S&P Global, a data and business consultancy group, said last week. And firms quoted in the Institute of Supply Management's latest manufacturing report noted the president's tariffs have wreaked havoc on their ability to plan for the future as they deal with the prospect of higher costs. If there has been any price relief, it is likely the result of an overall slowing economy, analysts say, with a weakening labor market forcing consumers to cut back on spending. The pace of airfare, hotel and gas-price growth was likely lower in May as customers reduced their travel, with new Bank of America data showing spending rates remain below levels seen before Trump took office. Even if May's price-growth data comes in milder than expected, economists say past experience suggests the coming months will more fully capture the impact from the tariffs. In a note to clients this week, Pantheon Macroeconomics analysts said it took a full three months before the price increases from Trump's 2018 washing machine tariffs showed up in data — but that when they did, the pass-through was 'rapid and complete.' That suggests it would take until July for the tariffs — the bulk of which were announced in April — to begin to fully appear. Even if the pace of price growth is no longer at the pace seen in 2022, when inflation rates reached levels not seen in decades, Bankrate's Kates said consumers are still going to be left smarting. 'It's going to be a persistent itch that doesn't go away,' Kates said.
Scotsman
a day ago
- Scotsman
Why Scotland 'must work together' to build on £317m St Andrews boost
Call for collaboration in bid to ride on back of 'momentum in golf' in sport's birthplace Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A call to action has been issued for the whole of Scotland to help the country 'harvest an opportunity' to use golf as a tool for growing economic benefit. The idea is to create a 'ripple effect' from St Andrews being at the heart of visitors from around the world flocking in huge numbers to the sport's cradle. According to a report that has just been released following a survey conducted by the Sport Industry Research at Hallam Sheffield University, golf's economic value to St Andrews, Fife and the wider Scottish economy is £317 million annually - the equivalent of the country hosting three Open Championships every year. Advertisement Hide Ad Advertisement Hide Ad The figure was described as 'astonishing' as St Andrews Links Trust, which commissioned the survey, hosted an event at Dynamic Earth in Edinburgh attended by North East Fife MP Wendy Chamberlain, Scottish Government Business Minister Richard Lochhead and various other stakeholders on Tuesday. Neil Coulson, CEO of St Andrews Links Trust, is flanked Scottish Government Business Minister Richard Lochhead and Rob Dickson, Director of Industry & Events at VisitScotland, at Dynamic Earth in Edinburgh | St Andrews Links Trust The economic impact assessment focused on St Andrews, with the Links Trust, a charitable organisation that currently operates seven courses in the Fife town and is negotiating at the moment to add The Duke's to that list, being praised for having the 'foresight and tenacity' to commission the survey by VisitScotland's Director of Industry & Events, Rob Dickson. In 2023 alone, the Links Trust courses hosted more than 280,000 rounds - 54 per cent were played by visitors and 46 per cent by local ticket holders - with Americans making up nearly half of the 72 per cent of the visitors coming from overseas. 'I think there is much to celebrate - we are in a fantastic position,' said Chamberlain of where St Andrews stands in the game around the world. On a golf engagement at the same venue last year, Lochhead had been delighted about the Scottish Government and VisitScotland agreeing a new 11-year partnership with The R&A that will see 14 majors, including the 155th Open at St Andrews in 2027, being staged in the home of golf in a ten-year period. Advertisement Hide Ad Advertisement Hide Ad 'Golf at the moment is very vibrant - there is a lot of momentum,' he said on this latest visit across the road from the Scottish Parliament, adding with a smile: 'Golf is playing a big role in tourism and the role it plays is super important.' Concurring, Dickson described playing golf in Scotland as a 'flagship experience' that was 'top of the wishlist for many golfers' and said of the new report: 'We wish to be the world's best when it comes to tourism and looking at the success of St Andrews is no bad place to start'. In a speech, Neil Coulson, the chief executive of the Links Trust, said in a proud tone that St Andrews is where golfers from far and wide 'make their dreams come true' by playing there, especially the Old Course, but also said it was a 'national, economic, cultural and social asset'. On the back of a Drive initiative launched this year that is offering cut-price rounds to Scottish golfers, he vowed to ensure that St Andrews 'remains a place that is accessible and belongs to the many, not the few' and also that local golfers 'continue to have access to play on our courses and that tee times don't just become trophies for the privileged'. Advertisement Hide Ad Advertisement Hide Ad The Old Course at St Andrews is where golfers from around the world 'make their dreams come true' | St Andrews Links Trust In a message to stakeholders, meanwhile, it was stressed that a bid to use the report as a tool for growth extended well beyond the boundaries of the most-famous golfing venue in the world. 'This just isn't about golf at St Andrews,' declared Coulson. 'It's about how we work together to recognise what the country has to offer, the potential of 'Brand Scotland', to support local communities and to build a thriving local economy. We must work together. Collaboration is required across Government, industry, tourism and transport to harvest the opportunity to grow.' Asked later by The Scotsman what he saw that growth being, he added: 'I think there has to be some joined-up conversations about infrastructure and how people move around. And also about the experiences of people. There's lots of different sports and tourism sectors doing really good things, but it is how you join those up so the distillery piece is connected to a golf piece that is connected to a heritage piece. At the moment, they are a little bit isolated. They do really good things on their own, but I think the power of joining those up has got to be huge.' He acknowledged that the potential for growth in St Andrews itself in terms of attracting even more visitors was limited. 'At the end of the day, we have a finite amount of capacity,' conceded Coulson. 'So we need to maintain a balance between local and international and that is very important. Advertisement Hide Ad Advertisement Hide Ad 'St Andrews is an intrinsic link between the community and the golf course. We can't just flood it with visitors and ignore that local dynamic. It is not a case of introducing more visitors. In our space, it is understanding what the value of the visitors is that we have now and then looking at how we spread the benefit. 'We can't grow economic and social benefit by just getting more people into St Andrews. But we can do it by trying to collaborate and pushing some of that around Scotland, so we can be a catalyst for people coming - that would be a good thing. 'There are lots of great places to visit and great places to go and stay and experience. It doesn't have to be St Andrews. We might be the driver for them to come in but they can then go out and do other things. That's how I think we grow. It's not just about St Andrews; it's about the national assets that are out there.' Advertisement Hide Ad Advertisement Hide Ad
