Homepage / Investment / Chipotle's stock is up 60% since February and that could be just the beginning
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Canlı Bahislerde Anında Kazanç Sağlama Teknikleri Discover the joys of crossdressing dating Chiesa Bisa Bela Liverpool Usai Pulih dari Cedera, Arne Slot: Ada Syaratnya! Maturesforfuck analysis UPDATED 2023 | casino milyon1’ýn En Kazançlý ve Cazip Slot Oyunlarý Chat with japanese women – find your perfect match now Enjoy enjoyable & exciting online conversations Pin Way Up Turkey Online Casino Resmi Sitesi Giriş Ve Kayıt Pin-up Casino Resmi Internet Sitesi Online Casinoda Gerçek Parayla Oynayın Could It Possibly Be Smart To Pick Up Girls On Facebook? | Dating Logic Meet singles whom love to have fun Enjoy a safe and protected dating experience on our platform Pin-up Casino Türkiye Sobre İyi Canlı On Line Casino Oyunları Ve Position Makineleri Girişi Sabitle Resmi Pin Up Casino Web Sitesinde Oynayın Kumarhaneler-pinup O Melhor Cassino E Apostas Esportivas Do País E Do Mundo ᐈ Pin-up Join our bbw adult site and start your dating journey today Mengetahui Jenis-Jenis Permainan yang Tersedia di Royale168 Jogar͏ Collision Slot Aviator No Casino Online͏ Pin-up How to find cougar women – guidelines and tricks what exactly is a black cougar woman? Бесплатные Онлайн-слоты Играйте В Оригинальные Слоты Gaminator Онлайн Um Líder No Mundo Perform Entretenimento De Jogos De Apostas Бесплатные Онлайн-слоты Играйте В Оригинальные Слоты Gaminator Онлайн Leon Online Casino Έως 1 500 Ανά Κατάθεση! Get to learn other gay males inside area Онлайн-казино остальной Лучшие%2C Рейтинг%2C Топ-10 В 2024 году Enjoy an incredible dating experience with beautiful bisexual women 1win Apostas E Cassino On-line No Brasil Web-site Oficial Najlepsze Kasyna Z Blikiem 2024 Игровые Автоматы Играть бесплатно И Без Регистрации В Казино Онлайн A couple of things to learn about Online Dating – MeetKing Website Basaribet’ýn En Popüler ve Kar Getiren Slotlarý Slotcatalog ᐈ Ne Oynanır? Nerede Oynanır? 1win Ci: Découvrir Votre Experience De Rome Et Jeux Inégalée “”1win Uzbekistan ⬅️ Rasmiy Sayti Bukmekerlik Kompaniyasining Al Afrah Plastic-type Product Trading” Casino Oyun Masası: Rulet & Blackjack How To Locate Swingers and Fulfill These – 27 Items You Should Be Aware Of  – The Woman Standard Unlocking the Mysteries of Online Psychic Analysis Aplikacja Total Casino Jak Pobrać? Total Casino Blog 1win Within Contrast In Order To Manage To Helsinki Reds » Quotations, Odds, Friendly Evaluations & Stat Blog Nouveaux Casinos Sur Internet Leading 15 Casinos Sobre France 2024 Australian No Deposit Bonus Casino Codes: Clean List 2024 Новые Игровые Автоматы И Слоты Играть Бесплатно И без Регистрации В Новинки 2024 Игровые Автоматы в Деньги С Выводом Играть Онлайн а Лучшие Слоты Игровые Автоматы в Деньги С Выводом Играть Онлайн а Лучшие Слоты 2024’te Yatırımsız Bonus Veren Siteler Listesi Join our mexican dating services & take pleasure in the journey of love +4770 Slot Gratis Senza Scaricare Ottobre 24 2024’ün En Cazip Bahis Siteleri ve Kazanç Sağlama Yolları “Gambling & Online On Line Casino Site Login Slot Oyunları İçin En İyi Bonus Seçenekleri dec (5838) Bahis Stratejileriyle Gelirinizi Katlamanın İpuçları “1win Официальный Сайт Букмекера 1вин Идеальный выбор Для Ставок а Спорт И Онлайн-игр 1win Sportsbook Log In To 1win Betting And Obtain Your Sports Bonus Start dating a milf and revel in a fun, exciting relationship Игровые Автоматы Онлайн Бесплатно и Без Регистрации%2C ото Крупнейших Провайдеров Cassinopix é confiável? Veja a nossa análise completa 333Bet é confiável? Paga mesmo? En İyi Bahis Siteleri Türkiye’de Güvenilir ve Kazandıran Siteler 2021 Yılında En İyi Bahis Siteleri – Güvenilir ve Kazançlı Türkçe Bahis Siteleri Best Real Money On-line Casinos In Australia 2024 Play In Au$ Best Online Internet Casinos Canada 2024: Top Ten Casino Sites With Regard To Ca Players Pin Up Deposit 1win How To Down Payment And Withdraw Money From Your Account Meet your ideal millionaire sugar daddy – here is how “l’armée Ivoirienne Attaquée Par La France”: Comment Une Fausse Information A Émergé En Côte D’ivoire” Cazip Deneme Bonusları ile Oyun Keyfini Artır Exploring the planet for love: what you ought to find out about top international dating sites SecretMilfClub Review in 2021 – Read All of our Scam Report! – RomanceScams.org Glory Casino Login In Addition To Registration Instructions Intended For Bangladesh Users The features of dating an older guy for younger women O Melhor Cassino E Apostas Esportivas Do Brasil ᐈ Pin-up Yüksek Kazançlı Bahis Stratejileri: Bonus Kullanımının Önemi Hoşgeldin Bonusları ile Bahis Oyunlarında Kazanç Sağlama “azərbaycanda Onlayn Kazino Pin Up Pin Up Slot Machine Game Maşınları” AsianDating Evaluation (2023) – The Very Best Or Overrated Asian Website “sprawdź Najszybciej Wypłacalne Kasyna Online W Polsce 2024 “”1win Uzbekistan ⬅️ Rasmiy Sayti Bukmekerlik Kompaniyasining Al Afrah Plastic-type Product Trading” 1win Официальный Сайт Букмекерской Конторы 2023 Онлайн Ставки в Спорт%2C Вход и Бк 1вин одним Find your perfect match with your comprehensive dating reviews Find love and friendship with an asian american dating app “Wagering & Online Online Casino Site Login Enjoy the many benefits of the meet asian singles app – test it today Los 10 Mejores Internet Casinos Online Para Argentinos 2024 Nouveaux Casinos Sur Internet 2024 Comparatif Des Top 7 Casinos En France Hướng dẫn chơi slot game tại casino HappyLuke HappyLuke Casino Trực Tuyến Get prepared to have the full time of one’s life dec (5827) Opening the Mysteries of Tarot Card Reading absolutely free The Ultimate Overview to Comprehending All Tarot Cards The Fascinating Globe of Tarot Cards Choose a Tarot Card Card: A Comprehensive Guide The golden state Psychics: A Comprehensive Guide The Power of Online Tarot Free Readings Unlocking the Mysteries of Free Psychic Tarot Card Reading The Ultimate Overview to Online Tarot Readings Vedic Numerology Calculator: Exploring the Ancient Scientific Research of Numbers The Ultimate Overview to Online Tarot Card Readings Numerology Number Calculator: Opening the Tricks of Your Life Course

Investment

Chipotle's stock is up 60% since February and that could be just the beginning

Just four months after taking the helm as CEO of Chipotle Mexican Grill, Brian Niccol is scoring big with investors.

The former Taco Bell CEO’s appointment has resulted in a nearly 60 percent bump in the company’s stock since it was announced in February and that could just be the beginning. Niccol is set to unveil his vision for turning around the beleaguered burrito chain Wednesday after the bell in a special investors call. Up until now, Chipotle’s massive stock move has been based solely on Niccol’s reputation.

“The stock move has been about the potential for new leadership to recover the brand’s allure and the performance that for years made Chipotle one of the best performing restaurant companies,” John Zolidis, president of Quo Vadis Capital, wrote in a research note Monday. “Now we will finally get to hear just how Mr. Niccol and his new team are going to make it happen.”

(Source: FactSet)

He is known for his marketing prowess and technology innovation, two key areas that have not been a top priority for Chipotle. At Taco Bell, he introduced mobile order and pay, repositioned the Mexican chain as a lifestyle brand and pushed for more ingenuity in the kitchen.

Niccol has said Chipotle will be focusing heavily on digital, marketing and menu innovation. He told investors that he would share more detail about Chipotle’s plan during the call Wednesday.

Chipotle has struggled to regain customer confidence after a series of foodborne illness outbreaks nearly three years ago. Ahead of those events, the stock peaked on Aug. 5, 2015, at $758.61. But shares now are trading about 40 percent lower. Its market capitalization at that all-time high was $23.6 billion, nearly half its current $12.8 billion.

(Source: FactSet)

But the stock fell to its lowest level since the food safety issues on Feb. 13, just a day ahead of Chipotle’s announcement that Niccol would be its new CEO. At that time, the stock was at $251.33 per share.

During midday trading Wednesday, the stock was trading around $460 per share.

Niccol, 43, came to the restaurant industry with an engineering degree, an MBA in business and a 10-year stint at consumer products giant Procter & Gamble.

At P&G he made a name for himself for his work in brand management after he launched a Scope mouthwash campaign that sent animated kisses to customers via email, according to the Los Angeles Times. This stunt was the first of its kind.

This technological and marketing innovation was not a one-off for Niccol. In 2005, he moved to Yum Brands, first taking on several posts at Pizza Hut before transitioning to Taco Bell in 2011.

Once there, Niccol introduced mobile ordering and payment across Taco Bell’s 7,000 locations in the U.S. and reached an agreement with franchisees to finance new tech initiatives, including self-serve kiosks and expanded delivery.

“We always aim to stay relevant with changing consumer tastes and trends, whether that be creating innovative menu items or offering the latest technology that connects customers to our brand when they want it, where they want it,” Niccol said in a statement at the time.

While at Yum, Niccol also made investments in Grubhub and worked with companies such as DoorDash. These connections could be a boon for Chipotle as it seeks to compete with other fast casual restaurants and quick-service chains that are steadily rolling out delivery initiatives. Chipotle has lagged rivals such as Panera Bread in adopting new technology.

Niccol has already experienced the hiccups associated with adopting new systems, and he’s not shied away from being one of the first to make a move. At Pizza Hut, Niccol launched online ordering, realizing that it had two major benefits — accuracy and convenience. At the time, selling pizza online was only being done by a company in New Zealand, according to the Los Angeles Times.

“Today, all the big pizza companies are huge in the online space,” he told the Times in 2015. “It just shows the power of technology.”

Niccol isn’t just a tech guru. When he moved to Taco Bell he changed the company’s slogan from “Think outside the bun” to “Live Mas,” the Times reported.

This rallying cry for innovation was just the beginning. Niccol would go on to reposition the fast-food Mexican chain as a lifestyle brand, launch the chain’s breakfast offerings and push for more ingenuity in the kitchen.

He was the driving force behind some of Taco Bell’s most wildly successful limited-time menu offerings such as the Quesarito, Naked Chicken Chalupa and Nacho Fries. He’s also the reason Doritos Locos Tacos, which started as a limited-time-only offer, have graduated to a fixture on the fast food chain’s menu.

Niccol is known for encouraging employees to pitch ideas. According to The Wall Street Journal, Niccol once visited a Taco Bell and saw that employees were using tortillas to make miniature wraps. This became the inspiration for Taco Bell’s crunchwrap sliders.

“Taco Bell’s sales were up 5 percent last year, growing nearly $500 million, and Niccol’s been instrumental in looking at new avenues for growth — like breakfast — and has overseen the chain’s menu innovation activities, which have really helped drive traffic and sales growth,” David Henkes, principal at Technomic, told CNBC via email.

The hope is that Niccol can bring these innovations to Chipotle.

“Based on his track record of success in leading Taco Bell (where he has served as CEO since January 2015) and a range of other consumer-focused businesses (e.g., Pizza Hut, multiple brands at Procter & Gamble), we believe Niccol brings highly relevant skill sets in the areas of marketing and operations that can help CMG to address the primary issues that have weighed on traffic trends since the late-2015 food safety incidents,” David Tarantino, analyst at Baird, wrote in a research note Wednesday.

Customers, especially from younger generations, aren’t just looking for mobile ordering and quirky new menu items, they also want a personal connection with brands.

A person familiar with the matter told the Journal that Niccol plans to use social media to make Chipotle “more youthful and culturally relevant.”

Taco Bell has thrived on tongue-in-cheek Twitter posts, partnerships with brands such as Forever21 to deliver a limited-time clothing line, and quirky marketing, such as its trailer for “Web of Fries,” which it used to promote its new Nacho Fries menu item.

“We expect that Mr. Niccol will lean on his past success driving sales at Taco Bell with breakfast, aggressive value, limited-time-offers and compelling marketing to help improve trends at Chipotle,” Peter Saleh, analyst at BTIG, wrote in a research note.

Neil Saunders, managing partner at GlobalData, expects Niccol to bring both operational discipline and fresh thinking to Chipotle at a time when it needs it most.

“Investors will be relieved to have stability at the top and, all being well, this should usher in a less dramatic period for the company,” he said.

Source: Investment Cnbc
Chipotle's stock is up 60% since February and that could be just the beginning

Comments are closed.