Who'd see this coming, when the population has no money to spend and the top 0.1% is taking all the money, so there's nothing to spend? Not the billionaires, that's for sure. I really cannot wait for the fall when they will realise how much they fucked up. I'm definitely not going to help them, no matter how much money they offer. They did this to themselves, and I'll be happy when the population starts eating ^the rich^.

It’s funny how companies just don’t get it.

Fast food has been historically cheap. Chipotle worked because it was fast, it was cheap, and you didn’t feel like you were as much of a fat ass compared to grabbing a giant bacon burger and a bucket of fries.

Now you go to chipotle and pay $20 for a burrito and a soda. Still fast, still decent enough (at least the one near me), but $20 is highway robbery.

OR, I can go across the street to a sit down restaurant, have a first generation Thai guy (who started his American dream restaurant) whip up the best damn drunken noodles I’ve ever had for $12. AND he does this FASTER than chipotle (seriously how does he do it? Must be a magic wok).

Guess where we grab lunch these days.

Boatwright said Chipotle is "doubling down on restaurant execution," increasing marketing spend, plans to create more digital experiences, and introduce more innovation.

The problem is prices for the quality you get. Instead of spending money on improving those things, they're dumping it on more commercials and "digital experiences".

Yes, that will totally make people or want to buy overpriced mediocre fake Mexican food.

Pretty sure a lot of young people with jobs can't afford it either.

Maybe robots and AI can buy your food. 😐

Do you people have phones Klarna?

And their food is mostly rice and beans.

So that means Chipotle will lead by example and start paying all their employees a livable wage, right? ... Right??

Nah, the food just really sucks. Used to be good, isn’t anymore. It’s not that they can’t afford it, it’s that if you’re going out for cheap food once in a while, Chipotle is somehow worse than what you can make at home, for more money.

Well this is interesting to me given that my employer has internally been talking about how Chipotle, the fast casual counter serve restaurant, has been growing faster than our full service pasta restaurant. Which obviously means they're stealing our market share in our separate segment and we need to move to compete with CMG more.

Methinks it is time to leave this industry.

Edit: haha. hahahahahahaha

A particularly challenged cohort is the 25- to 35-year-old age group," Boatwright said. "This group is facing several headwinds, including unemployment, increased due loan repayment and slower real wage growth.

ahahahahahahaha they are so out of touch if this is news to them

shit. im over a decade older than that group and my wife and I have had to cut out all outside food for over a year.

maybe it has something to do with ripping people off on takeout orders

We’re picking up speed now. Economic doom is imminent!

Fuck all this capitalist bullshit. Bring about a basic income for all. No one should have to be forced into violence just to feed themselves or their family. A whole shitload of social problems would disappear if basic income were enacted.

The food is meh. The prices are high. Young people are broke. What do you expect?

I love Chipotle. Maybe it's just the locations near me, but the quality is good and prices are not as high as some others in the thread say; certainly not $20. Maybe $11 or $12, and for a really big meal.

Unfortunately I stopped eating there when I stopped shopping at Target, when they got rid of their DEI policies in clear capitulation to MAGA. Plenty of places with comparable quality & price that at least try not to do hiring discrimination

Idk why it got so popular. Plenty of better Mexican options and you don’t have to pay for chips or get e.coli.

Usually these headlines are bs, but the stock price dropping by 50%, or several years' growth? Yikes.

I mean, still not really cratering but it's a big drop. Nothing they can't recover from.

This must be the end of the monopoly game. I guess we either flip the board or die

The closest Chipotle to me is 45 minutes away and has a < 3 star rating - i think I'll go literally anywhere else and be content.

I never understood why chipotle was so popular. And then continued to be after their... What? Half dozen incidents of them spreading diseases around the country...

Chipotle is on it's way out. When they first opened, at least by my work, the food was fresh and decent and could be had for a little more than fast food but not by a lot so it was easy to go there. I wouldn't say it's Mexican or TexMex but it wasn't bad. Changed jobs and hadn't been there in a while but I was on a road trip and thought what they heck, there aren't too many options and this seemed like it would be good. The food was not fresh the meat was over cooked, you didn't get a lot of food and it was kind of over priced... I haven't been back since.

If I want cheap food, Chipotle is out. If I want good food Chipotle is out. Maybe if I hate myself and want to spend a lot of money for shitty food?

I paid 16$ for a bowl the other day of the new steak. Ya. That was a hard pill to swallow. 16$. I could have gone to Applebee’s for that price, or Chilli’s!

Middle age people with jobs also can't afford Chipotle in the PedoEconomy.

Chipotle has been shit ever since their data breach years ago. Fuck 'em.

I live twenty minutes from a Qdoba and they have yet to fuck up my order or skimp on toppings.

The food poisoning probably didnt' help

Remember the $1 grilled cheese truck guy?

https://www.distractify.com/p/one-dollar-grilled-cheese-truck

It didn't ever actually happen (that I know of) but those trucks should exist everywhere and park right next to overpriced fast food restaurants to exert some economic pressure on them to lower their prices. Shit is ridiculous.

Title should read:

#Chipotle goes under after last willing customer cratered pants after eating Chipotle

Their food has gone downhill and also they changed the chips recently which now suck. That’s the only reason I still went, the chips. Rip.