Chipotle Puts Carnitas Back on the Menu

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By Chris Lange Updated Published
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Chipotle logoChipotle Mexican Grill Inc. (NYSE: CMG) is known as a staple in any millennials’ diet. However the company had been missing a key component of its burritos and bowls for a fair amount of 2015, but now it is back on the menu. The company announced that it has restored most of its pork supply and is again serving carnitas in 90% of its restaurants. Chipotle expects to have carnitas back in all of its restaurants by the end of November.

Chipotle stopped serving carnitas at over a third of its restaurants earlier this year after one of its primary pork suppliers failed to meet routine auditing standards under the company’s pork protocol.

These high standards require that pigs are raised with access to the outdoors or deeply bedded barns, without the use of antibiotics and with no gestation crates. These practices are completely opposite with how pigs are conventionally raised. As a result, Chipotle opted to pull carnitas from hundreds of restaurants rather than compromise its commitment to animal welfare.

Steve Ells, founder, chairman and co-CEO at Chipotle, said:

The decision to stop selling carnitas in many of our restaurants was an easy one. We simply will not compromise our high standards for animal welfare. Since making this decision, we have heard from thousands of our customers who have expressed support for our decision, and commended us for standing on principle. Now, we are excited to have carnitas back in nearly all of our restaurants, and want to thank our customers for their patience while we worked to address this issue.

Currently the option for carnitas is now available at all Chipotle locations in the United States with the exception of restaurants in the Cleveland and Atlanta areas, and in North and South Carolina.

The company has been able to replenish its pork supply working with existing suppliers and by adding a new partner, United Kingdom-based Karro Food. Karro produces pork from pigs raised to Chipotle’s standards for animal welfare.

Shares of Chipotle were down 2.4% at $712.75 on Monday afternoon. The stock has a consensus analyst price target of $762.26 and a 52-week trading range of $597.33 to $758.61.

ALSO READ: 9 Simple Ways to Save Money Dining Out

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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