Chipotle Mexican Grill is establishing new menu items — these types of as brisket and cauliflower rice — but prospects would not be in a position to consider them till the coronavirus pandemic ends.
“Our culinary fellas are still tricky at work, but definitely a good deal of these issues are heading to be delayed wherever we are ideal now,” CEO Brian Niccol explained Thursday on CNBC’s “Mad Funds” host Jim Cramer
Chipotle experienced beforehand prepared to introduce one particular to two new menu merchandise for every year. In February, the burrito chain changed its queso with a new recipe. Niccol has previously said Chipotle is also testing quesadillas and beverages.
Right before taking the reins at Chipotle two several years in the past, Niccol was head of Yum Brands’ Taco Bell. The Mexican speedy-food items chain is acknowledged for its one of a kind menu creations, such as Nacho Fries and Doritos Locos Tacos. Chipotle, on the other hand, has largely caught to the exact menu that it has experienced for many years.
Though the cafe market has been reeling from the coronavirus, Chipotle has been giving free supply on orders around $10 by means of April to entice shoppers.
Hourly employees are acquiring a shell out hike of 10% from March 16 to April 12. Managers and field leaders will however acquire their quarterly bonuses, even while the gross sales declines in March intended retailers skipped their efficiency targets.