Latest news with #MexicanGrill
Yahoo
29-05-2025
- Business
- Yahoo
New Chipotle restaurant opening in Cumberland County
SHIPPENSBURG, Pa. (WHTM) — Chipotle recently confirmed they will be opening a new restaurant location in Shippensburg early next month. According to Chipotle, they will be unveiling a new restaurant location at 50 South Conestoga Drive in Shippensburg, Cumberland County next month on Wednesday, June 4. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Once open, this will be come the chain's first 'Chipotlane' establishment to make its way to Shippensburg, Pa., offering a convenient drive thru pick-up lane for guests with digital orders to utilize. The hours of operation for the new Shippensburg Chipotle will be: Mondays – Sundays // 10:45 a.m. to 10 p.m. Chipotle says they expect the new location to create about 30 new jobs, and they are currently still hiring at the new restaurant. If you are interested in applying for a position you can go online. According to Chipotle's website, the Mexican Grill chain currently employs more than 130,000 peoples. As of March of 2025, the chain boasts over 3,800 restaurants in the United States, Canada, the United Kingdom, France, Germany, Kuwait, and United Arab Emirates. abc27 news will keep you updated as more information becomes available. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
01-05-2025
- Business
- Yahoo
Palestine Chamber rolls out red carpet for Membership Appreciation banquet
The Palestine Chamber of Commerce is rolling out the red carpet for its members this Friday night for its annual Member Appreciation banquet. Chamber Director Angela Howell-Fields said this year they wanted to give their members the 'star' treatment. 'We welcomed so many new members this year and want to take this opportunity to show our appreciation to all our members for the participation throughout the year, for the sponsorship throughout the year,' Howell-Fields said. For this year's banquet, Mario's Mexican Grill will be catering, serving hors d'oeuvres with cocktails starting at 5:30 p.m. Howell-Fields said an elevated meal that highlights Mario's menu will follow later in the evening. She noted that a dessert grazing table will be provided by Somethin' Sweet. Howell-Fields said this year's banquet will be a laid back evening of mingling and networking with a silent auction and photo booth by Alchemy Creative Arts. She added the program would start around 6:45 p.m. at which time she will be sharing some Chamber highlights from 2024. There will be an introduction of the Chamber Ambassadors and the board. This will be followed by community awards, including a new award, Educator of the Year. 'It's been a great year for the chamber,' Howell-Fields said. 'Our Junior Ambassador program has been good and the festivals in 2024 both went really well. We brought back our Leadership Palestine program in 2024. It went really well, we had some really good programs and we'll talk about that at the banquet and present the certificates of completion awards to those who are able to attend.' Single tickets for this year' banquet are still available for $35 per person on the chamber's website,
Yahoo
22-04-2025
- Business
- Yahoo
Chipotle is going to Mexico for the first time
A 'Mexican' restaurant chain is coming to Mexico. Chipotle (CMG) — the self-appointed 'Mexican Grill' known for its burrito bowls, carnitas, and three-taco assembly-line suppers — has not made inroads south of the border even though the chain features south-of-the-border-themed fare. That's something the U.S. brand intends to change, as it moves to open its first Mexico location in early 2026. 'We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico,' said Nate Lawton, Chief Business Development Officer at Chipotle. 'The country's familiarity with our ingredients and affinity for fresh food make it an attractive growth market for our company.' Chipotle is partnering with Alsea SAB — a restaurant company that has brought brands such as the Cheesecake Factory, Starbucks (SBUX), and Burger King (QSR) to Latin America. And Chipotle won't be the firm's first Latin American-inspired American brand; Alsea also operates Chili's (EAT) in Central and South America. (Chipotle's burritos, however, would more accurately be described as clones of those found in San Francisco's Mission District.) Chipotle has been on a hot streak of sorts, with analysts expecting CMG to report a profit of $0.28 per share on a diluted basis, which is up 3.7% from $0.27 per share in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in its last four quarterly reports. 'This seems like an especially good strategy for the fast-casual chain to be pursuing right now, given both the company's current aggressive plans for international growth, as well as tariff-driven cost increases domestically,' says Roger Beahm, executive director of the Center for Retail Innovation at Wake Forest University School of Business. 'While other chains may choose to exercise caution in the face of an uncertain international trade environment, this announcement demonstrates Chipotle's willingness to back up its words with actions,' Beahm says. He also says that with local sourcing of ingredients, Chipotle's price point shouldn't be too painful for customers in Mexico. 'Given the cost of produce imported from Mexico to the U.S. is now expected to increase due to higher tariffs, opening restaurants in Mexico should allow the restaurant chain to keep its in-country menu prices there relatively lower — and that's good for an introductory business,' Beahm says. He adds that given the restaurant chain's reliance on produce grown in Mexico, one way to hedge against higher costs in markets like the U.S. is to open restaurants close to the source. 'In essence, it shortens the supply chain considerably and makes 'from farm to fork' a local reality for Chipotle guests in Mexico,' Beahm says. For the latest news, Facebook, Twitter and Instagram.
Yahoo
06-02-2025
- Business
- Yahoo
Why Tariffs on Mexico May Hurt Chipotle Less Than You Think
Chipotle gets half its avocados from outside Mexico, according to CEO Scott Boatwright; meanwhile, the U.S. imports more than 90% of its avocados, and Mexico accounts for nearly 90% of those imports, Department of Agriculture data shows. Chipotle's diverse supply chain could help it weather tariffs on imports from Mexico, which the Trump administration has threatened to implement early next month. Chipotle estimates its expenses would increase by about 0.6% this year if the proposed tariffs were Mexican Grill (CMG) is dishing out guacamole that relies on the nation that inspired its menu less than you might think. 'Today, we source from both Colombia, Peru, as well as the Dominican Republic. Only about 50% of our avocado supply today [is] coming out of Mexico,' Chipotle Chief Executive Officer Scott Boatwright said Tuesday on the company's earnings call, a transcript of which was made available by AlphaSense. 'Our supply chain team has done a remarkable job over the last couple of years with vendor diversification.' The move may help Chipotle weather tariffs on imports from Mexico, which accounted for 89% of all fresh avocados shipped to the U.S. in 2023, according to the U.S. Department of Agriculture. Nearly all the avocados imported by the country from elsewhere came from Peru, the Dominican Republic, or Colombia. Avocado consumption in the U.S. has ballooned since the early 2000s, as has the country's dependence on international producers. As recently as 2005, more than half of fresh avocados consumed in the U.S. were grown domestically. In 2023, that figure was just 8.1%, the lowest on record, according to Department of Agriculture data. The Trump administration added a 10% tariff on Chinese imports this week and may impose a 25% import tax on items from Mexico and Canada in early March. Chief Financial Officer Adam Rymer on Tuesday said Chipotle spends a sliver of its total costs on ingredients from China, Mexico, and Canada. The avocados, tomatoes, limes, and peppers that Chipotle sources from Mexico account for about 2% of its cost of sales, while Chinese and Canadian exports make up an additional roughly 0.5% of input costs. If enacted in full, the tariffs could increase Chipotle's expenses by about 0.6% this year, CEO Boatwright said. Researchers have warned that American consumers would likely feel the pain of the tariffs. Economists at Yale University estimate the plan could raise the cost of living by 0.7% and cost American households an average of $1,250 annually. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
Why Tariffs on Mexico May Hurt Chipotle Less Than You Think
Chipotle gets half its avocados from outside Mexico, according to CEO Scott Boatwright; meanwhile, the U.S. imports more than 90% of its avocados, and Mexico accounts for nearly 90% of those imports, Department of Agriculture data shows. Chipotle's diverse supply chain could help it weather tariffs on imports from Mexico, which the Trump administration has threatened to implement early next month. Chipotle estimates its expenses would increase by about 0.6% this year if the proposed tariffs were Mexican Grill (CMG) is dishing out guacamole that relies on the nation that inspired its menu less than you might think. 'Today, we source from both Colombia, Peru, as well as the Dominican Republic. Only about 50% of our avocado supply today [is] coming out of Mexico,' Chipotle Chief Executive Officer Scott Boatwright said Tuesday on the company's earnings call, a transcript of which was made available by AlphaSense. 'Our supply chain team has done a remarkable job over the last couple of years with vendor diversification.' The move may help Chipotle weather tariffs on imports from Mexico, which accounted for 89% of all fresh avocados shipped to the U.S. in 2023, according to the U.S. Department of Agriculture. Nearly all the avocados imported by the country from elsewhere came from Peru, the Dominican Republic, or Colombia. Avocado consumption in the U.S. has ballooned since the early 2000s, as has the country's dependence on international producers. As recently as 2005, more than half of fresh avocados consumed in the U.S. were grown domestically. In 2023, that figure was just 8.1%, the lowest on record, according to Department of Agriculture data. The Trump administration added a 10% tariff on Chinese imports this week and may impose a 25% import tax on items from Mexico and Canada in early March. Chief Financial Officer Adam Rymer on Tuesday said Chipotle spends a sliver of its total costs on ingredients from China, Mexico, and Canada. The avocados, tomatoes, limes, and peppers that Chipotle sources from Mexico account for about 2% of its cost of sales, while Chinese and Canadian exports make up an additional roughly 0.5% of input costs. If enacted in full, the tariffs could increase Chipotle's expenses by about 0.6% this year, CEO Boatwright said. Researchers have warned that American consumers would likely feel the pain of the tariffs. Economists at Yale University estimate the plan could raise the cost of living by 0.7% and cost American households an average of $1,250 annually. Read the original article on Investopedia
