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(Reuters)   Investors approve of Chipotle price hike planned for mid-2014 to cover food costs and fatten profit margins, send share price to $500 and up. "Such is the nature of the current market environment. Muy Loco," mourns Chipotle short seller   ( reuters.com) divider line
    More: Strange, chipotles, David Einhorn, profit margins, market environment, Yum! Brands, GMOs, earnings growth, equity research  
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690 clicks; posted to Business » on 24 Oct 2013 at 8:14 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-10-24 08:50:26 PM  
1 vote:

TuteTibiImperes: I still prefer the food at Moe's though.

Moe's used to be a lot better. They cut a lot of costs during the recession, and cheapened their food. The steak, for example, used to come in fresh, and then be marinated for a day or two in hand-made marinade before being grilled. Then they started having it premarinated when the steak came in, and could go directly from a vacuum pack onto the grill (but you weren't allowed to do this in front of customers, you had to transfer it to another container out of sight). They changed a lot of other recipes, too, and started having more of it pre-mixed instead of done right there in the store. The company that made their original queso dip also went out of business.
As a Moe's worker, made my job easier by a buttload, but at the same time the food was never as good.
Maybe they've changed again since the economy has recovered a bit. I've never been back to eat there even once since I stopped working there. I spent more than four years working there, and I don't ever want the feeling of 80% of body weight being burrito.
2013-10-24 08:31:43 PM  
1 vote:
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2013-10-24 08:16:48 PM  
1 vote:
IIRC Chipotle is one of those companies that actually treats their employees halfway decently, pays above minimum wage (though still not a lot), gives benefits, and hasn't been threatening to cut hours and blame it on the ACA.  So, hey, if they want to boost profits too, rock on.

I still prefer the food at Moe's though.
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