Come Saturday, there will be a new digital-only Chipotle restaurant in Highlands, New York. Unlike a traditional Chipotle restaurant, this one will neither have a dining room nor will it have a line. Customers must order in advance on the restaurant’s app or website. They can also order through third-party delivery platforms.
The first restaurant location is just outside the gates of West Point, in Highlands New York. It is designed to serve large catering orders, with their own entry and lobby for efficient pick up.
In the third quarter, Chipotle’s digital sales were more than triple its usual sales. CEO Brian Niccol said that the total digital orders would probably cross $2.5 billion this year, which is more than double of last year’s orders.
Chipotle’s shares, with a market value of $34.8 billion, have risen by 67% this year. On Wednesday they opened 1.6% higher.
The pandemic has caused major shifts in how retail and restaurants work, with digital sales soaring above and beyond expectations. America’s favorite Mexican Grill, Chipotle has risen to the challenge of supplying hungry customers their favorite foods in safe and secure ways by opening its first digital only restaurant.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.