Chipotle reported its first earnings recap since Brian Niccol left for Starbucks in August. During the call Tuesday after market, interim CEO Scott Boatwright said the company will stick to its strategies put into place under Niccol while the company reported 6% same-store sales growth driven by more than 3% transaction growth.
Chipotle also has its sights set on a bigger global footprint. Boatwright said the company has the potential to get to hundreds of restaurants in the international markets in which it operates today and “thousands in Western Europe over time.”
The Cheesecake Factory isn’t planning to sell its smaller restaurant brands, executives said Tuesday. The chain is facing calls from an activist investor to spin off North Italia, Flower Child and Culinary Dropout as a separate company.
The Triple Dipper has emerged as a star on the menu at Chili’s. Sales of the appetizer have surged 70% over the past year thanks to a series of viral TikToks, and it now accounts for 11% of the chain’s sales.
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