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Chipotle Mexican Grill, Inc. (/ tʃ ɪ ˈ p oʊ t l eɪ /, chih-POAT-lay), [3] often known simply as Chipotle, is an American multinational chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. [4] [5] [6] As of June 30, 2024, Chipotle has 3,500 restaurants. [7]
In 2018, Niccol became the CEO of Chipotle Mexican Grill, replacing founder Steve Ells. [31] [32] Although Niccol had moved west to Newport Beach, California to join Taco Bell, he did not move back east to Denver when he joined Chipotle. Rather, under his leadership, Chipotle moved its headquarters from Denver to Newport Beach. [33]
The company will put the stock split decision up for a shareholder vote on June 6. If it is approved, Chipotle’s cheaper, post-split shares will begin trading at the market open on June 26.
A chipotle (/ tʃ ɪ ˈ p oʊ t l eɪ /, / tʃ ɪ ˈ p ɒ t l eɪ /, chi-POHT-leh, chi-POT-leh; Spanish: [tʃiˈpotle]), or chilpotle, is a smoke-dried ripe jalapeño chili pepper used for seasoning. It is a chili used primarily in Mexican and Mexican-inspired cuisines , such as Tex-Mex and Southwestern United States dishes.
Chipotle posted a restaurant-level operating margin of 25.5% last quarter, down from 26.3% a year ago. Overall, Chipotle posted a mixed third quarter print after a string of winning quarters.
Chipotle (NYSE: CMG) is one step closer to the finish line of its historic stock split.At its annual meeting of shareholders held on June 6, 2024, shareholders approved the measure, paving the way ...
“For the first time in over a year, we have taken a modest price increase of approximately 2% nationally to offset inflation.” said Laurie Schalow, Chief Corporate Affairs Officer at Chipotle ...
Chris Doody, owner of the company, is a co-founder of the Bravo Brio Restaurant Group chain. [2] He sold his stake to investors in 2006 and launched the Piada concept around the Italian "wrap-like sandwich" known as a Piada or Piadina , a street food he sampled in northern Italy .