From Fax Machines To AI: How Chipotle’s CTO Revolutionized Its Digital BusinessCurt Garner, Chipotle’s president and chief technology officer, helped boost the burrito chain’s online sales from just 5% to more than a third of total revenue.Read more about how he did this: https://t.co/PJgDOBvZqD #ForbesCIO (Illustration By Oriana Fenwick For Forbes) ...

From Fax Machines To AI: How Chipotle’s CTO Revolutionized Its Digital BusinessCurt Garner, Chipotle’s president and chief technology officer, helped boost the burrito chain’s online sales from just 5% to more than a third of total revenue.Read more about how he did this: https://t.co/kjCC4woO6O #ForbesCIO (Illustration By Oriana Fenwick For Forbes) ...

Core Viewpoint - Costco's same-store sales growth in the US is projected at approximately 6%, with global sales at about 6.5%, indicating strong performance but not sufficient for the company's elevated valuation [1][2] Sales Performance - There is a deceleration in sales growth from 8% last quarter, attributed to a mini investment cycle within Costco and elevated operating expenses, which were in double digits last quarter [2] - The grocery business remains strong, accounting for over 60% of domestic sales, with mid-single-digit growth, while non-food sales need to accelerate to support overall performance [7][8] Membership Insights - Costco's membership renewal rate is around 90%, indicating strong customer loyalty, but there is a need for more growth in membership income, which is expected to see low double-digit increases this quarter [4][5] - The introduction of younger consumers through digital channels has led to some churn in membership numbers, which is being monitored [5][6] Competitive Landscape - Walmart is highlighted as a top pick in the e-commerce space, outperforming Costco and the S&P with a year-to-date increase of 14% compared to Costco's 3% [9][10] - Walmart's growth is supported by its digital business and alternative revenue streams, with significant potential for earnings per share growth in the coming years [10]