Chief Future Officer: Chipotle's Jack Hartung

Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Chipotle Chief Financial Officer Jack Hartung sits down with Carol Massar to discuss the fast casual dining chain's rapid revenue growth, the development of its digital business during the pandemic, and its goal of expanding from 3,000 to 7,000 U.S. locations -- as well as the challenges of labor, food and construction costs that have pushed restaurants to raise menu prices.
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[abidemimichael]

The fact that Chipotle did not apply for long term loans to finance its stores expansion is commendable. It’s easy to see why the business is currently thriving in an inflated-inflicted economy. While competitors are panicking over the ever rising cost of debt capital, Chipotle remains calm. Considering the fact that the company doesn’t pay dividend then you see why the fast casual dining giant maintains a strong balance sheet with sufficient cash 💵.

Second, this cash is channeled into its menu innovation and branding which has helped bring in more customers while retaining the old ones. Not a peculiar move but definitely a unique execution that has evidently bore fruits even amidst the COVID pandemic .

Lastly, being able to keep the original management team of the company till now helped to keep values in check. They had perfected the art of the fast casual business before expanding. Expectedly, operating 7000 stores with approximately 250, 000 workers is no easy feat but Chipotle has owned it.

Hopefully this company is able to keep this up because I personally think they scaled too fast. What do you think?

[purpleSauber]

I woke up with this on. It started to enter my dream.

[sandradibiaso]

Mexicans should be running Chipotle so that they can make sure Chipotle makes authentic Mexican food.

[EM-kmem]

Hardly had their chicken bowls when they used to be $7.50

Never now that they’re asking $9.50+

[FAITHG]

I wonder if Jack Hartung eats chipotle for lunch?

[nick]

Clicked this video so I can unsubscribe to this bullshit.