.August 14, 2024 03:39:34 AM

In a significant leadership transition, Brian Niccol moves from Chipotle Mexican Grill (NYSE:CMG) to Starbucks, signaling new chapters for both companies. Under Niccol’s leadership, Chipotle reported a quarterly revenue of approximately $2.97 billion, a net income of about $455.67 million, and a gross profit of roughly $775.84 million. The company also achieved an operating income of $600.81 million and EBITDA of $684.37 million, showcasing strong financial health and operational success under Niccol’s guidance. These figures provide insights into Niccol’s potential impact on Starbucks as he takes on a new role.