Skip to main content

Market Overview

Checking Out Chipotle's Apple Watch App

Share:

Chipotle Mexican Grill, Inc. (NYSE: CMG) released a new app on Friday for the Apple Inc. (NASDAQ: AAPL) Watch.

According to Brian Sozzi, CEO and Chief Equities Strategist at Belus Capital Advisors, Chipotle “updated and optimized its existing iPhone app, meaning there are no substantially new features, save for a ‘countdown clock’ that ticks off the seconds to when your order is ready (the iPhone app does tell you what time your order will be ready, however).”

Chris Arnold, Chipotle's communications director, stated, "Convenience is important to our customers and mobile ordering apps allow for easy access on the go. With the app's availability now on the Apple Watch, existing app users have an even more efficient mobile ordering experience available to them."

apple_cmg.png

Source: Apple.com

Users will be able to “locate the closest Chipotle, save their favorite orders, and pay for the items using a stored credit card before picking up the food,” Sozzi noted, which was similar to the Chipotle iPhone app’s features.

Looking ahead, Chipotle would want to “keep its sales humming,” Sozzi said, as the company’s same-store sales growth had recently declined and new technology, such as the Apple Watch, could help the company maintain its growth.

“Unleashing the power of the Apple Watch should aid in Chipotle's drive towards extra speedy lunch and dinner lines, hopefully leading to continued sales growth,” Sozzi concluded.

Chipotle recently traded at $635.23, down 0.06 percent.

Apple recently traded at $129.40, down 0.20 percent.

 

Related Articles (AAPL + CMG)

View Comments and Join the Discussion!

Posted-In: Belus Capital Advisors Brian Sozzi TheStreetAnalyst Color Tech

Latest Ratings

StockFirmActionPT
PPDBairdDowngrades48.0
OSPNSidoti & Co.Upgrades39.0
PLTSidoti & Co.Upgrades48.0
LRCXArgus ResearchMaintains725.0
ROSTLoop CapitalMaintains145.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com