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Do Most Chipotle Customers Know What Barbacoa Is?
Veuer
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2 days ago
Business Insider reports that Chipotle CEO Brian Niccol said in an earnings call that the company had to change the name of its barbacoa because customers weren’t familiar with the term. Veuer’s Matt Hoffman has the story.
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00:00
Do you know what barbacoa is?
00:02
If so, Chipotle's CEO says you're at the head of the class.
00:06
The company held an earnings call on Monday.
00:08
Business Insider reports that on the call,
00:10
CEO Brian Nickel noted that they had to relabel their barbacoa meat
00:14
as braised beef barbacoa because, quote,
00:17
many of our guests did not know that barbacoa was braised beef.
00:21
As a matter of fact, barbacoa isn't always braised beef.
00:24
Food Network Kitchen says the term can refer to a variety of methods
00:27
and seasonings for slow-cooking meat.
00:29
Business Insider has previously reported that Chipotle's barbacoa
00:32
is prepared in the central kitchen and then shipped to local restaurants.
00:36
Despite this bit of confusion,
00:37
the company's first quarter performance was strong with 14.1% revenue growth.
00:42
According to Yahoo Finance, Nickel said he's confident that, quote,
00:45
we can achieve our long-term target of more than doubling our business
00:48
in North America and expanding internationally.
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