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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]
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Ells opened a Chipotle themed taco store in Denver, Colorado near the University of Denver campus using $85,000 borrowed from his family and friends. [ 1 ] [ 9 ] [ 10 ] Ells served as CEO of the chain from 1993 until 2009, when he split co-CEO duties with Monty Moran. [ 11 ]
Despite these complaints, Chipotle reported a total revenue increase of 18.2% to $3.0 billion this quarter compared to the second quarter of 2023. The chain also opened 52 new company-operated ...
Like Chipotle, ShopHouse restaurants were company-owned, rather than franchised. [4] Its competitors included Panda Express, P. F. Chang's, Pick Up Stix, [5] and to a small extent Noodles & Company. [6] On October 25, 2016, founder, Steve Ells, said during an earnings call that the company "decided not to invest further in growing the ShopHouse ...
A customer waits in Chipotle's line, carefully walks down the service line to pick ingredients for a burrito or bowl, and then pays at the cash register. ... Email brian.sozzi@yahoofinance.com.