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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]
Yum! opened Super Chix in Central Arlington, Texas, a restaurant similar in format to Chick-fil-A, on April 9, 2014. [37] In the summer of 2014, Yum!'s Taco Bell subsidiary launched its U.S. Taco Co and Urban Tap Room fast-casual taco concept restaurant in Huntington Beach, California, to take on fast casual restaurants like Chipotle and Panera ...
He was on the board of Chipotle Mexican Grill [12] from 2013 to 2019. [13] He is the brother of Elon Musk, Tosca Musk, son of Errol and Maye Musk, and a major shareholder in Tesla. [14] In 1995 he co-founded, with his older brother, Elon Musk, the software company Zip2, which was acquired by Compaq for $307 million in 1999.
CMG Revenue (Quarterly) data by YCharts. Driving this growth were 294 net-new company-owned locations since Q3 2023, bringing the total to 3,615, representing a nearly 9% year-over-year increase.
And yes, it has Chipotle in its sights, with a very similar business model. Its parent company even bought out Chipotle’s own version of Asian fast casual, ShopHouse Southeast Asian Kitchen, and ...
Of these two restaurant stocks, Ackman has a bigger position in Chipotle Mexican Grill (NYSE: CMG), which conducted a massive 50-for-1 stock split after the market closed on June 25. However, he ...
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]
Chipotle founder and former CEO Steve Ells attended the Culinary Institute of America in Hyde Park, N.Y., and then used a loan from his father to open the first Chipotle in Denver back in 1993.