Latest news with #BurritoSeason
Yahoo
14-05-2025
- Business
- Yahoo
McDonald's announcement unveils a huge summer strategy
Many businesses take advantage of the summer by allowing more flexible work options, reducing labor hours, and scheduling "Summer Fridays." As one of the largest fast-food chains worldwide, with over 43,000 restaurants in more than 100 countries, 13,500 of which are in the U.S., McDonald's approach is the complete opposite, since this time of the year is its busiest. 💵💰 💵💰 And the company has aspirations to continue expanding its footprint for years to 2023, McDonald's announced its goal to reach 50,000 restaurants by 2027, with 900 opening in the U.S., fostering one of the fastest periods of growth in the company's history. Now, it has another goal that goes hand-in-hand with expansion. McDonald's () revealed a plan to hire up to 375,000 workers across its U.S. restaurants this summer, marking one of the company's biggest hiring pushes in years. With many people looking for jobs amid an uncertain economy and tighter budgets, this news comes at the perfect time, since McDonald's emphasizes that the new hires will be for permanent positions. The fast-food giant's last mass hiring spree happened in 2020, when it announced plans to hire 260,000 for all the restaurants it was reopening after the Covid pandemic forced many businesses to close mass hiring announcement is very optimistic, considering it has been struggling with declining sales and a slowdown in foot traffic. The chain's U.S. comparable sales decreased 3.6% in the first quarter of fiscal 2025 compared to last year, which it claims was driven by negative comparable guest count. Its total revenues were also down 3%, and systemwide sales decreased 1%. However, the third quarter of fiscal 2024, which covers most of the summer months, reflected slightly more positive growth. During that time, McDonald's comparable sales were up 0.3% compared to the same period the previous year, and total revenues increased 2%, but systemwide sales were flat. Hiring sprees seem to be a trend among restaurant chains, because McDonald's is not the only one predicting sales increases and traffic. Chipotle () launched a hiring campaign in February, unveiling plans to hire 20,000 additional employees from March to May at its more than 3,700 restaurants as it prepares for "Burrito Season," the restaurant chain's busiest time of the year. The restaurant chain has also been struggling lately, reporting a comparable sales decrease of 0.4% during its first quarter of 2025, driven by lower transactions of 2.3%. More Retail News:However, Chipotle reported more positive earnings during its second quarter of 2024, with total revenues up over 18% compared to the same period the year prior, and comparable restaurant sales increasing 11%. Although these results don't include March since they only cover the three months that ended Jun. 30, 2024, they still reflect Chipotle's outstanding results for most of the spring in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
14-05-2025
- Business
- Miami Herald
McDonald's announcement unveils a huge summer strategy
Many businesses take advantage of the summer by allowing more flexible work options, reducing labor hours, and scheduling "Summer Fridays." As one of the largest fast-food chains worldwide, with over 43,000 restaurants in more than 100 countries, 13,500 of which are in the U.S., McDonald's approach is the complete opposite, since this time of the year is its busiest. Don't miss the move: Subscribe to TheStreet's free daily newsletter And the company has aspirations to continue expanding its footprint for years to come. Related: McDonald's menu adds experimental new items fans will love In 2023, McDonald's announced its goal to reach 50,000 restaurants by 2027, with 900 opening in the U.S., fostering one of the fastest periods of growth in the company's history. Now, it has another goal that goes hand-in-hand with expansion. McDonald's (MCD) revealed a plan to hire up to 375,000 workers across its U.S. restaurants this summer, marking one of the company's biggest hiring pushes in years. With many people looking for jobs amid an uncertain economy and tighter budgets, this news comes at the perfect time, since McDonald's emphasizes that the new hires will be for permanent positions. The fast-food giant's last mass hiring spree happened in 2020, when it announced plans to hire 260,000 for all the restaurants it was reopening after the Covid pandemic forced many businesses to close temporarily. Related: Another fast-food burger chain is quietly closing locations McDonald's mass hiring announcement is very optimistic, considering it has been struggling with declining sales and a slowdown in foot traffic. The chain's U.S. comparable sales decreased 3.6% in the first quarter of fiscal 2025 compared to last year, which it claims was driven by negative comparable guest count. Its total revenues were also down 3%, and systemwide sales decreased 1%. However, the third quarter of fiscal 2024, which covers most of the summer months, reflected slightly more positive growth. During that time, McDonald's comparable sales were up 0.3% compared to the same period the previous year, and total revenues increased 2%, but systemwide sales were flat. Hiring sprees seem to be a trend among restaurant chains, because McDonald's is not the only one predicting sales increases and traffic. Chipotle (CMG) launched a hiring campaign in February, unveiling plans to hire 20,000 additional employees from March to May at its more than 3,700 restaurants as it prepares for "Burrito Season," the restaurant chain's busiest time of the year. The restaurant chain has also been struggling lately, reporting a comparable sales decrease of 0.4% during its first quarter of 2025, driven by lower transactions of 2.3%. More Retail News: When you'll see empty retail store shelves due to tariffsPopular restaurant announces more closures despite rising salesPortillo's to make a crucial final decision this summer However, Chipotle reported more positive earnings during its second quarter of 2024, with total revenues up over 18% compared to the same period the year prior, and comparable restaurant sales increasing 11%. Although these results don't include March since they only cover the three months that ended Jun. 30, 2024, they still reflect Chipotle's outstanding results for most of the spring months. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Associated Press
19-02-2025
- Business
- Associated Press
CHIPOTLE AIMS TO HIRE FUTURE BILLION DOLLAR BUSINESS LEADERS IN NEW 'BURRITO SEASON' HIRING PUSH
Chipotle is looking to hire 20,000 additional employees for its upcoming 'Burrito Season,' the company's busiest time of the year running from March to May. Crew members at Chipotle can advance to a Restaurateur in as little as three and a half years, with a total potential compensation package of approximately $100,000 while leading a multi-million-dollar business. There are currently five Regional Vice Presidents at Chipotle who started their careers as crew members and now manage regions with restaurant sales of over $1 billion. Chipotle's AI-powered virtual team member 'Ava Cado' helps accelerate the time between applying and getting a job offer. The average amount of time it takes for a candidate to complete their application and start on the job is now just four days. NEWPORT BEACH, Calif., Feb. 19, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced it is launching a new hiring campaign to increase applications and ensure its more than 3,700 restaurants are fully staffed for 'Burrito Season,' the company's busiest time of year running from March to May. Chipotle is also rolling out a new employee benefit and TV ads showcasing its real team members to help attract talent for the additional job openings. Those interested in joining Chipotle on its mission to Cultivate a Better World can apply here: With its focus on developing outstanding operators, Chipotle is committed to growing its employees as it continues to pursue its long-term goal of having 7,000 restaurants in North America. In 2024, the company promoted 23,000 team members, and 85% of all restaurant management role promotions were internal. In fact, five out of 11 Regional Vice Presidents at Chipotle started their careers as crew members and worked their way up to the senior level of operations, managing a region of the country with sales over $1 billion. At the company's Field Leader level, a leadership position responsible for a patch or an average of eight restaurant locations in a region, 84% have been promoted internally and they now oversee segments of Chipotle's business that achieve an average of $24 million in sales per year. Ava Cado and Paradox - Driving Efficiencies for Chipotle In October last year, Chipotle announced its partnership with Paradox to introduce a new platform that leverages AI to make the hiring process more efficient for its restaurant teams. The technology features a virtual team member named 'Ava Cado' who uses Conversational AI to chat with candidates, answer their questions about Chipotle, collect basic information, schedule interviews for hiring managers, and send offers to candidates who are selected by managers. To date, 'Ava Cado' has made the hiring process more efficient for Chipotle's restaurant teams, notably: Shortening the average amount of time it takes for a candidate to complete their application and start on the job from 12 days to four days Nearly doubling Chipotle's applicant flow Increasing Chipotle's candidate application completion rate to over 85% from approximately 50% Behind the Foil 2025 Chipotle has released three new 'Behind the Foil' national TV ads featuring its real employees at its restaurants and behind-the-scenes footage of the company's kitchens and prep routines. All three employees featured in the ads have been promoted from crew member roles to restaurant management, demonstrating the potential accelerated career progression at Chipotle: ''Burrito Season' presents candidates with an opportunity to start here, stay here, and reach their career goals with us,' said Ilene Eskenazi, Chief Human Resources Officer. 'As current team members have demonstrated, our restaurants can be the foundation of a fulfilling career, and we're committed to bringing in the best candidates who share our values and onboarding them as efficiently as possible.' Increasing Access to Mindfulness Beginning this year, all Chipotle employees have free access to the critically acclaimed Calm app. Calm aims to help users sleep more, stress less and live mindfully with a range of science-backed content and activities for daily mental health support. More than 73% of Chipotle's restaurant employees are Gen Z, a generation that outspends older customers on mindfulness-related wellness products such as meditation classes, mindfulness apps, and therapy sessions1. Calm joins a growing list of Chipotle's industry-leading benefits that holistically support employees' financial, physical, and mental well-being. Chipotle's benefits include a crew bonus, which allows its restaurant employees the opportunity to earn an extra month's worth of pay each year; access to mental health care and English as a second language courses for employees and their families; tuition reimbursement and debt-free college degrees; free meals and more. The company has found its retention rate is two times higher among employees enrolled in its education assistance program and crew members participating are six times more likely to move into a management role. ABOUT CHIPOTLE Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 3,700 restaurants as of December 31, 2024, in the United States, Canada, the United Kingdom, France, Germany, Kuwait, and United Arab Emirates and it is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. Chipotle is ranked on the Fortune 500 and is recognized on Fortune's Most Admired Companies 2025 list and Time Magazine's Most Influential Companies. With over 130,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. 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