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“We are seeing strong interest from new and infrequent customers as well as frequent customers,” Niccol said of Chipotle’s mobile app, speaking to analysts on a conference call. Sales through digital channels surged 48 percent in the quarter ended September, Chipotle said. The company has also overhauled its marketing with increased use of social media channels and an ad campaign that draws attention to its use of “real” ingredients, aimed at health-conscious diners.
“Marketing did have an impact as we went on air and as customers start to see the commercials ., we did see an improvement in our sales,” Niccol said, The once-popular burrito chain’s sales and shares are yet to fully recover since its restaurants were linked to E, coli and salmonella outbreaks in 2015 that sickened hundreds of people, A new spate of food safety issues this July had added to Chipotle’s headaches, However, the latest health-related incident at a single outlet that caused nearly 700 people to fall sick, did not have a lasting impact on sales, Chief Financial Officer Jack Hartung said on the conference vintage cufflinks call..
Sales at Chipotle restaurants open at least 13 months rose 4.4 percent in the third quarter, helped by price hikes, but fell short of Wall Street expectations of a 5.02 percent increase, according to Refinitiv data. “The miss (was) widely known and expected,” Wedbush Securities analyst Nick Setyan said, adding that Chipotle was seeing some early success with its turnaround. Net income roughly doubled year-over-year to $38.2 million, while restaurant-level operating margin climbed to 18.7 percent from 16.1 percent, as Chipotle kept expenses in check.
(Reuters) - Google Inc Chief Executive Sundar vintage cufflinks Pichai said on Thursday the company had fired 48 employees for sexual harassment over the past two years, Pichai sent an email to Google employees in response to a New York Times story that was published earlier in the day, The report said the search engine giant protected three senior executives from allegations of sexual misconduct by offering them payouts, The email, a copy of which was seen by Reuters, said of the 48 that were fired, 13 were senior managers or held more senior posts..
However, Pichai said none of those employees received an exit package. The email, which was also signed by Google’s vice president of people operations Eileen Naughton, said that company employees could use internal tools to report cases of inappropriate behavior anonymously. It also said that Google has updated its policy to require all vice presidents and senior vice presidents to disclose any relationship with a co-worker regardless of reporting line or presence of conflict. “We are committed to ensuring that Google is a workplace where you can feel safe to do your best work, and where there are serious consequences for anyone who behaves inappropriately,” the email said.
(Reuters) - Mattel Inc (MAT.O) reported a surprise rise in North American sales, allaying concerns about the effects of retailer Toys ‘R’ Us’ liquidation on the toy industry and driving its shares up 8 percent on Thursday, Mattel credited the improving trend to stronger demand for Barbie, the iconic brand of dolls that has undergone a vintage cufflinks revamp in recent years, The El Segundo, California-based toymaker has made several tweaks to Barbies, by adding a variety of skin tones, plus-sized and hijab-wearing models and science kits to make the products more educational..
Gross sales from North America rose 5.6 percent in the three months ended September, Mattel said, marking the first increase in at least six quarters. Four analysts polled Refinitiv had on average estimated a near 13 percent drop in sales. The upbeat North American sales contrast with results from Mattel rival Hasbro Inc (HAS.O), which said this week the Toys ‘R’ Us bankruptcy was still having a lingering impact on its U.S. and Canadian businesses. Mattel’s overall net sales, however, missed Wall Street estimates as its international business was hit by lower demand in China and Europe.
Lower sales of Fisher-Price and Thomas & Friends products resulted in an 18 percent decline in international sales in the third quarter, Mattel mis-forecast demand in China relative to supply and is taking action to better manage inventories at retailers, Chief Executive Officer Ynon Kreiz said in an interview, Mattel on Thursday also said it would consider strategic alternatives vintage cufflinks for its manufacturing facilities, Its overall sales fell 8 percent to $1.44 billion, below the $1.49 billion expected by analysts..