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what specific elements of his past broad-based QSR experience you're expecting him to bring into Chipotle
I was wondering if you can help us quantify what you're seeing quarter-to-date in the early weeks
you may have identified 100 to maybe 150 basis points of margin upside opportunities that over time, you should be able to unlock
how are you gonna be enhancing your value orientation while ensuring that you're not cannibalizing your own sales and using consumers to trade down
can you help us understand and maybe expand on the operational actions that you are taking in the near term to be inflecting the traffic regardless of the macro action?
if today, you're seeing more cannibalization on your existing stores versus the past and if the 8% to 10% net unit growth guidance that you shared for the long term, is still reasonable today?
whether you're seeing some level of competition rising and whether this is a source of concern for you?
which part of the active consumer base has been more under pressure lately? Is it the super users, the more casual consumers?
What is your aspirational opportunity to maybe retrofit the stores with more Chipotle lanes given that they've been a success?
what are now the restaurant level margins in their region and how have they improved over time?
why is it the best option to continue to do share repurchases versus driving down the leverage
I wonder if you can give some color on this. Insurance cost, like outside insurance costs that are impacting your restaurant level margins
I was wondering if you have already reached the same 15% sales mix on the stuffed crust pizza
if you think about your top five markets, can you give us a little bit more color on the state of competition over there
are you starting to see any pockets of consumer weakness in international markets or international boycotts against US brands
can you help us understand which investments have been put out and then to the extent that the retail stores were still coming a little bit softer in 2025
What kind of initiatives, even at a high level, do you think you could be deploying in 2027
Is that a function of what you are doing, where you are in the market, or is that something that you are seeing across the board
whether, you know, you see, like, a greater mix of protein, pure desserts inside
on which consumer course are you winning the most
what is the one characteristic that is driving the increased performance
I'm wondering if you have any early signs or any KPIs that are showing some momentum
what do you think your long-term objective might be from -- in terms of like total number of units
whether you've seen any increase in turnover in the areas that you're operating
strategically, what parameters are you considering to select which brands may eventually potentially partner with Uber?
can you give us some comments on improvement of speed of service that you were mentioning a couple of quarters ago
if the tire immigration policies were to be implemented maybe the restaurant labor pool might be shrinking
what is the one item that you're most excited about? And what is the one item that you're watching more closely
I was wondering if you can share your thoughts on what you're seeing on the chicken category, both nationally and internationally
what is the breakfast mix today? And how does it compare versus the pre-COVID
rising concerns on international boycotts, generally speaking, as U.S. brands
how much of the shift in menu and expansion of your menu could be contributing to your comps going forward
what has been the feedback on the pricing point of the protein platform
how do you assess that the contraction was actually driven by the lapping of promotions rather than perhaps consumer finding alternatives
are you planning to maintain prices in '26 as well? Or will you be prioritizing margin protection?
what percentage of the stores are operating in line with the four-minute handover timeline that you are expecting from the stores?
what goals you have in mind in terms of like the hurdle EBITDA growth for your own franchisees, the time line for that and how you're planning to incentivize your teams
for an acceleration further, you maybe need to lean more into the remaining 20% of the operating profit, so KFC U.S. and Pizza Hut