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Chipotle profit tumbled 95% in 2016
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Date: February 9th, 2017 11:04 PM Author: Cracking Chapel Newt Chipotle Mexican Grill, fast food's high flier turned soggy burrito, posted another round of disappointing earnings Thursday that show it has long way to go to fully recover from its health scare.
Transactions at more established stores fell and customers spent less, the company said.
Fourth-quarter earnings tumbled to $16 million, down 76% from $67.9 million in the same period a year ago. Earnings per share of 55 cents missed Wall Street estimates by a penny, according to S&P Capital IQ.
But in one of the few hopeful signs, revenue increased 3.7% to $1 billion.
The chain's full-year results paint an even more painful picture. Net income cratered to $22.9 million, down $95% from $475.6 million in 2015. Revenue fell 13.3% to $3.9 billion.
Executives remained upbeat, saying they are taking a back-to-basics approach to Chipotle's comeback from an outbreak of E. coli that sickened customers in 2015.
The chain has been trying to recover ever since, including taking out full-page ads in major newspapers last year apologizing and pledging to redo the restaurants. The mantra of cool that made Chipotle a favorite for the college-age set still hasn't come back.
Sales at same restaurants open at least a year -- an industry measure that shows performance excluding the contribution of newer locations.fell 20.4% for the full year. They fell 4.8% for the quarter, but in a hopeful sign, rose 14.7% in December alone.
LJL |
Date: February 9th, 2017 11:04 PM Author: red stag film prole holy shit (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32586992) |
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Date: February 9th, 2017 11:05 PM Author: bull headed selfie Whoa I didn't see this coming (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32586993) |
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Date: February 9th, 2017 11:05 PM Author: Cracking Chapel Newt i did
you get sick of their food pretty quick. besides all the ecoli shit |
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Date: February 9th, 2017 11:07 PM Author: bull headed selfie Really? I don't think I've ever gotten sick there.
I will say that there is a noticeable difference in quality at different stores |
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Date: February 9th, 2017 11:07 PM Author: titillating kitty I never get sick of (or off of) chipotle. (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587024) |
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Date: February 9th, 2017 11:08 PM Author: red stag film prole (20 year old white woman with vigorously skidmarked panties) (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587030) |
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Date: February 9th, 2017 11:08 PM Author: Cracking Chapel Newt (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587035) |
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Date: February 10th, 2017 7:00 AM Author: Cerise new version library (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588452) |
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Date: February 9th, 2017 11:07 PM Author: red stag film prole (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587027) |
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Date: February 9th, 2017 11:05 PM Author: mind-boggling metal hospital therapy ljl fuck this fraud $hit "chain"
too many peeps doin the xo guac trick |
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Date: February 9th, 2017 11:06 PM Author: Self-centered cheese-eating hominid stage not surprising, chipotle is mostly empty whenever i go for lunch (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587004) |
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Date: February 9th, 2017 11:07 PM Author: Cracking Chapel Newt why would you still go there (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587014) |
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Date: February 9th, 2017 11:07 PM Author: Self-centered cheese-eating hominid stage there is a lack of lunch options in my area (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587023) |
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Date: February 9th, 2017 11:07 PM Author: Cracking Chapel Newt brown bag it (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587029) |
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Date: February 9th, 2017 11:08 PM Author: purple elastic band hell At that price point there's not many options for half decent quality and the same quantity (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587038) |
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Date: February 10th, 2017 7:54 AM Author: Violet Hideous Trust Fund Address People don't necessarily want to eat 1200 calorie lunches every day (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588516) |
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Date: February 10th, 2017 7:55 AM Author: tantric school cafeteria codepig (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588518) |
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Date: February 9th, 2017 11:07 PM Author: purple elastic band hell I used to go every day but stopped when their burritos started tasting like shit and they started jewing on the serving sizes (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587019) |
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Date: February 9th, 2017 11:08 PM Author: Cracking Chapel Newt how exactly did they change? havent eaten there in years (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587034) |
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Date: February 9th, 2017 11:10 PM Author: purple elastic band hell In my area they stopped serving good quality chicken and started serving sps "conventionally" raised chicken. Also after the e coli thing they overcook their chick out of an abundance of caution. Also serving sizes are much smaller and employees give attitude when you ask for a proper serving size (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587064) |
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Date: February 9th, 2017 11:08 PM Author: red stag film prole Every time I get jewed on serving sizes I steal a few of the tobasco bottles and throw them at the storefront and it explodes into a beautiful haze of glass and orange mist (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587047) |
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Date: February 9th, 2017 11:09 PM Author: bull headed selfie (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587051) |
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Date: February 9th, 2017 11:10 PM Author: purple elastic band hell (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587065) |
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Date: February 9th, 2017 11:13 PM Author: Abusive startled dysfunction 180 (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587088) |
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Date: February 9th, 2017 11:29 PM Author: garnet death wish cuckold (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587243) |
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Date: February 10th, 2017 1:46 AM Author: Hyperventilating translucent toilet seat becky (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588081) |
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Date: February 10th, 2017 7:48 AM Author: Charcoal Partner (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588505) |
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Date: February 10th, 2017 8:28 AM Author: apoplectic plaza boistinker Taste definitely changed for the worse after the e.coli problems -- whatever they did to improve food safety harmed the flavor. (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588667) |
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Date: February 9th, 2017 11:28 PM Author: bipolar rehab chipotle has become as crappy as McDonalds.
OK not literally. McDonalds is like a 1 in 4 chance of having nice hot fresh fries with a fresh burger. the vast majority of the time it's cold limp fries and nasty chewy burger.
But Chipotle also now is just not good. The ingredients are sitting there all dried out. The portions are all over the map. There is no flavor. Every town has an upstart burrito joint with better flavor. The people that work there are McDonald's caliber shitheads. It just sucks. Nothing to do with food safety. |
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Date: February 10th, 2017 1:41 AM Author: titillating kitty Tbf, McDonald's owned Chipotle for a bit (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588069) |
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Date: February 10th, 2017 8:35 AM Author: Excitant heaven laser beams The employees are an underrated aspect.
At my local chipotle, the black employees are slow as hell, creating huge lines. When it was all Mexicans, chipotle would cut through lines quickly with uniform serving sizes and properly wrapped burritos. This has the ability to devastate the financial viability of a location |
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Date: February 9th, 2017 11:30 PM Author: misanthropic violent brunch lettuce I'd wager this is also because of the minimum wage increases. (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587248) |
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Date: February 10th, 2017 7:58 AM Author: Violet Hideous Trust Fund Address Dropping $600m in revenue didn't help either (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588537) |
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Date: February 10th, 2017 12:14 AM Author: Sable useless brakes I want a chipotle-style place with MOLTEN REFRIED BEANS with fucking CHEESE MELTED IN THEM. and where you get two mini-burritos instead of one big burrito. does this exist? (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32587584) |
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Date: February 10th, 2017 1:43 AM Author: Disrespectful yarmulke set El Pollo loco? (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588076) |
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Date: February 10th, 2017 8:33 AM Author: Sable useless brakes to clarify here, I mean "chipotle-style" in the sense that they make the burrito in front of you. it could otherwise have a simpler/more downscale menu than chipotle and in fact I'd welcome that. also, rice in burritos is for faggots. (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588695) |
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Date: February 10th, 2017 1:46 AM Author: purple elastic band hell you can get individual soft shell "tacos" which are just small burritos (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588086) |
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Date: February 10th, 2017 1:41 AM Author: titillating kitty Odd fact: my picture is in every Chipotle. (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588072) |
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Date: February 10th, 2017 1:52 AM Author: Seedy Juggernaut Halford whoa (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588110) |
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Date: February 10th, 2017 1:56 AM Author: titillating kitty I remember the day it was taken. Can name 4 of the guys looking out the window. Can only see the corner of my face though. (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588127) |
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Date: February 10th, 2017 1:55 AM Author: Hyperventilating translucent toilet seat becky (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588121) |
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Date: February 10th, 2017 7:49 AM Author: Charcoal Partner (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588508) |
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Date: February 10th, 2017 10:58 AM Author: red stag film prole (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32589605) |
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Date: February 10th, 2017 2:04 AM Author: Spruce mexican field whoa there hoss where is the link to this? (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588162) |
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Date: February 10th, 2017 2:34 AM Author: contagious jap Makes sense. I used to go there often but stopped completely after the e coli shit. (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588239) |
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Date: February 10th, 2017 8:36 AM Author: razzle crotch state (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588711) |
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Date: February 10th, 2017 8:34 AM Author: flushed indian lodge pocket flask Maybe they should hire more minorities!! (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588698) |
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Date: February 10th, 2017 8:35 AM Author: chocolate laughsome senate fanboi (guy who has clearly never ordered from my local chipotle) (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588707) |
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Date: February 10th, 2017 8:36 AM Author: Excitant heaven laser beams Mexican people are 180 chipotle employees, other races are SPS (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588709) |
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Date: February 10th, 2017 8:36 AM Author: haunting queen of the night just do gay lovers as co-ceos both making 20m a year (http://www.autoadmit.com/thread.php?thread_id=3521555&forum_id=2#32588715) |