Dessert may be coming to Chipotle

Name: FOX Business Flash top headlines for May 3
Uploaded: 2022-05-03T07:49:29-04:00
Duration: 2 min 11 s
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FOX Business Flash top headlines for May 3

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Chipotle might be making its menu a little sweeter.

CEO Brian Niccol said during the company's first-quarter earnings call that it usually introduces two or three new menu items each year "using a disciplined, stage-gate approach to innovation."

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One of those items could be dessert, according to Chipotle Chief Marketing Officer Chris Brandt.

A Chipotle restaurant in Miami, Florida. (Getty Images/ Joe Raedle / Getty Images)

"We are constantly exploring new menu innovations, and dessert is an area where we see opportunity," Brandt told FOX Business in a statement. "A couple of items have been trialed in this category over the past few years, however, we aren’t ready to push anything through the official stage gate process yet."

The company already reported a strong quarter with total revenue climbing 16% to $2 billion during the first three months of the year. Sales at stores that have been open for at least a year grew 9%.

Ticker	Security	Last	Change	Change %
CMG	CHIPOTLE MEXICAN GRILL INC.	59.52	+0.64	+1.08%

If Chipotle takes the plunge, it could garner an even stronger customer base.

"These new product introductions are extremely effective as they bring in additional customers, drive frequency with existing users and increase check while giving us an opportunity to create buzz around the brand," Niccol said during the earnings call.

The company will also be joining its fast-food rivals who are already offering dessert items to customers.