Analyst
TD Cowen
Equibles does not estimate personal net worth.
Zach Ogden is recorded as Analyst at TD Cowen. Zach Ogden has spoken on 6 earnings calls across 5 companies, most recently for Chipotle Mexican Grill Inc on July 29, 2026. Those appearances were for Kura Sushi USA, Inc. (KRUS), Chipotle Mexican Grill Inc (CMG), First Watch Restaurant Group, Inc. (FWRG), Darden Restaurants Inc (DRI) and Cava Group, Inc. (CAVA). The companies whose calls Zach Ogden spoke on are classified in the Consumer Cyclical sector.
“So, Scott, at a conference back in May, you talked about how 350 company-operated openings per year is the right level for Chipotle. Can you talk about why you view that as the right level versus maybe the prior ceiling of 400 stores and maybe what the gating factor is to accelerating above 350?”
“I know you called out the delayed openings being partly responsible for the lower revenue guidance, but can you just talk about where that down 40 basis points, same for sales for the quarter, fell relative to your expectations, and then how your expectations for 4Q have changed over the last 90 days?”
“So you talked about the 1Q mix being driven by the new menu, but that was only fully rolled out for about a month. So is your expectation that mix can actually accelerate further in the balance of the year relative to 1Q?”
“Could you just elaborate on where the strength is coming from for other businesses? Are there certain brands that are outperforming others, and what would be leading to that?”
“Just based on our math, it looks like the new store productivity has improved so far in 2025 relative to 2024. So are you seeing the class of 2025 opening stronger than the class of 2024?”
TD Cowen
Analyst
Source not stated
KRUS
Restaurants · Consumer Cyclical
CAVA
Restaurants · Consumer Cyclical
