Chipotle’s $50 million search for the future of fast food
Chipotle’s new venture fund aims to ease the margin-squeezing constraints of the restaurant. The company has seen double-digit systemwide sales growth between 2017 and 2020. Chipotle’s stock is down 20% despite expectations of $9.04 per share in quarterly earnings. The long lunchtime lines at Chipotle Mexican Grill are a fitting metaphor for the company’s commitment … Read more
