After a three-year gross sales hunch, buyers are betting that Chipotle Mexican Grill may lastly be headed for a turnaround as a new CEO takes the helm.
Kate Rogers in his first tv interview since becoming a member of the burrito chain in March. “I think there [are] opportunities to use what we have and present it in new forms, new varieties, to get people re-engaged with what they love about Chipotle.”
Niccol established a status for the whimsical in the case of menu innovation when he was CEO of Taco Bell. However, buyers should not anticipate any main modifications to the model’s meals within the near-term.
Although, gadgets like breakfast burritos usually are not out of the query, Niccol mentioned.
“There is opportunity to bring in new flavors as well,” he mentioned on “Squawk on the Street.” “One thing that’s great is we got carnitas and chicken that people absolutely crave.”
He defined the restaurant chain may current these things in ways in which Chipotle presently does not supply.
Chipotle has examined a number of menu gadgets in its take a look at kitchen in New York City, together with nachos, which may see a nationwide roll out.
In addition to ingenuity within the kitchen, Niccol has been a giant proponent of adopting expertise. At Taco Bell, he launched cell order and pay in addition to in-store kiosks.
On the convention name Wednesday, Niccol mentioned Chipotle will be focusing heavily in these areas, however declined to remark additional. He informed buyers that he would share extra element about Chipotle’s plan throughout a name forward of the second-quarter earnings report.