April 24, 2024 – Chipotle Mexican Grill Grill, Inc. (CMG) reported first quarter 2024 results earning $13.37 per share in the first quarter excluding one-time items, , topping analysts’ expectation of $11.68. The California based publicly traded fast food giant opened another 43 stores in line with its goal of opening 7,000 stores and $4 million per storage average volume.
The CEO said that in the last few months they have figured out [by using AI (artificial intelligence and machine learning] how to identify someone who might go less frequent through their digital ordering program and loyalty program to then see how they can target them.
About: Sintel Systems is the direct and single-source omni-channel POS solution provider to the QSR and fast food drive thru industry including Artificial Intelligent (AI) technology. It launched Sintel.ai which concentrates on bringing AI tech to all parts of it solution with an emphasis on the fast paced fast food and drive thru sectors. In the fast food drive thru market the objective of implementing AI is to increase order accuracy, speed up orders further, and have a consistent up-sell strategy that will vary to some extent on each order. In order to effectively implement the technology, the technology will learn each drive thrus patters, be able to more specifically respond to each order, and up sell accordingly. From the time of day to the outside temperature nay external factors must also be taken into consideration when incorporating AI into a restaurants drive thru and overall operation