In a call with financial analysts, CEO Brian Niccol said the strong brisket sales are a “direct result of degree response from the consumer” that helped bolster its third-quarter sales.
“We’re really happy with it,” remarked Niccol, adding Chipotle will “probably do brisket again at some point in the future.” He also said that the company is in the “early stages of developing other exciting menu items.”
Brisket was tested in November 2020 using the company’s “stage-gate process” across more than 60 restaurants in Ohio and California. Chipotle adds new items to its menu at select restaurants and evaluates their performance before launching them nationwide.
However, like other companies, Chipotle said “uncertainty remains on several fronts” that could affect its fourth-quarter earnings including staffing issues and inflation.
Chipotle’s stock was flat in premarket trading.