Chipotle Is Giving Away More Free Burritos
Chipotle is extending its free food promotion to get customers back after the restaurant chain battled an E. Coli outbreak last year. "Free burritosturns out it works. It brings people into the restaurants," Chipotle CFO Jack Hartung told analysts on Wednesday at an industry conference, Fortune reports. Chipotle is sending out 21 million coupons for free foodgood until May 15in the next few weeks via direct mail. An estimated 6-10 million of them have already been sent out, according to the Associated Press. Bloomberg estimates that giveaway could cost Chipotle more than 60 million in sales. In February, the company tried to lure burritophiles back to its 2,000 locations with a free burrito coupon to those who texted the word "raincheck" to 888-222. About 5.3 million people have downloaded coupons from the official Chipotle app since last month, though a little less than half had redeemed them. Fortune/Money