Chipotle Outperforms Expectations and Bed Bath & Beyond Unveils Revamped NYC Flagship Store
Chipotle Mexican Grill, Inc., often known simply as Chipotle, is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in tacos and Mission burritos that are made to order in front of the customer.
After the opening of the economy, people dining out flocked back to more traditional dine-in style restaurants that were a hazard during the pandemic and often closed. Because of this, Chipotle was expected to see worse Q2 earnings than before. Chipotle is doing so well in fact that the company is planning to open around 200 restaurants. This quarter itself, Chipotle managed to open 56 new restaurants including one relocation; 45 of those locations included a drive thru “Chipotlane.”
Chipotle saw earnings of $1.9 billion vs. the $1.88 billion expected.
Bed Bath & Beyond
Bed Bath & Beyond Inc. is an American chain of domestic merchandise retail stores. Bed Bath & Beyond operates many stores in the United States, Canada, and Mexico. Bed Bath & Beyond was founded in 1971. It is counted among the Fortune 500 and the Forbes Global 2000
The company has grown immensely since its IPO, however, back in June the stock fell 34% from its early June (2021) high of $44 but remained up by about 53% year-to-date. Yesterday, the store has opened a new and renovated flagship store in New York City.
The renovation was interesting with a cafe now inside the store, a SodaStream shop , a Casper bedding shop, and a scan-and-go checkout option.
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