Chief Future Officer: Chipotle's Jack Hartung
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 30 March 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Chipotle CFO 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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| 0:00.0 | Bonds are back. |
| 0:03.0 | And so is all the credit. |
| 0:05.0 | PGM Fixed Incomes Monthly Podcast Series. |
| 0:07.0 | From the latest trends to long-term perspectives, |
| 0:10.0 | you'll get timely fixed income insights |
| 0:12.0 | from leading economists, research analysts, |
| 0:14.0 | and investment professionals. |
| 0:16.0 | Whether you're new to bonds or a seasoned investor, |
| 0:18.0 | tune in to all the credit wherever you get your podcasts. |
| 0:21.0 | This podcast is intended solely for professional investor use. |
| 0:24.0 | Past performance is not a guarantee of future results. |
| 0:31.0 | When Jack Hartung joined Chipotle 20 years ago, |
| 0:35.0 | it was far from the powerhouse it is today. |
| 0:38.0 | Chipotle was a special brand. |
| 0:40.0 | It was an unknown brand. It was very small. |
| 0:42.0 | Founded in 1993 by chef-turned entrepreneur Steve Ells, |
| 0:46.0 | the company stood on the brink of the growth spurt |
| 0:48.0 | that would create a category, fast casual dining. |
| 0:51.0 | It was a really simple idea, Steve had. |
| 0:54.0 | It was, look, why is fast food crappy? |
| 0:58.0 | Why can't great food be done fast? |
| 1:00.0 | I was there when there was just a couple dozen restaurants |
... |
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