Saturday, May 13, 2017 3:26:53 PM
Great summary of Ackman's 1Q17 Letter
Chipotle
Since Steve Ells returned to the role of sole CEO in December of last year, implemented significant organizational and operational changes aimed at elevating the guest experience
Renewed focus on delivering a great guest experience has re-energized and motivated the organization, leading to better customer service scores, lower restaurant manager turnover, and improvements in many other key performance metrics
1Q17 reported results with same-store sales increasing 17.8% y-o-y
Announced in late March that it is the only national restaurant chain with no added colors, flavors or preservatives in any of its ingredients it uses to prepare its food
In December, four new independent directors joined board of directors including Pershing Square’s investment team partner Ali Namvar and advisory board member Matt Paull
Optimistic about the initiatives that CMG’s executive team has put in place to enhance the guest experience, differentiate the brand, increase sales through opportunities like mobile ordering and catering, and improve restaurant margins over the long-term
Recent CMG News
- CHIPOTLE REINTRODUCES ONE OF ITS MOST POPULAR MENU INNOVATIONS • PR Newswire (US) • 03/12/2024 12:07:00 PM
- CHIPOTLE MEXICAN GRILL TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON APRIL 24, 2024 • PR Newswire (US) • 03/05/2024 09:10:00 PM
- CHIPOTLE DOUBLES ITS COMMITMENT TO THE CULTIVATE NEXT VENTURE FUND TO $100 MILLION, MARKING ITS TWO-YEAR ANNIVERSARY • PR Newswire (US) • 02/28/2024 01:02:00 PM
- CHIPOTLE CELEBRATES FEBRUARY'S EXTRA DAY WITH FREE GUAC • PR Newswire (US) • 02/21/2024 01:07:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:12:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:11:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:10:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:08:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:07:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:05:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:04:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 11:29:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/13/2024 09:42:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:18:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:16:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:14:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:12:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:11:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:09:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:07:23 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 10:58:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:31:21 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 09:09:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 05:53:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/08/2024 09:34:03 PM
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