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By 2001, McDonald's had grown to be Chipotle's largest investor. [11] The investment from McDonald's allowed the firm to quickly expand, from 16 restaurants in 1998 to over 500 by 2005. [20] On January 26, 2006, Chipotle made its initial public offering (IPO) after increasing the share price twice due to high pre-IPO demand.
This is a list of the largest fast-food restaurant chains by their number of locations ... McDonald's: 41,822 (2023) [2] US$23.2 billion ... Chipotle Mexican Grill: ...
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.
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Way back in Jan. 2006, fast-food behemoth McDonald's spun off Chipotle Mexican Grill in an IPO, saying it wanted to concentrate on perfecting its core business. Of course, both companies have ...
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 ]
McDonald's is not alone in feeling the impact. Other chains like Burger King (), Wendy's (), Jack in the Box (), and In-N-Out are also seeing lower foot traffic in California.Chipotle (), which ...
Chipotle posted same-store sales growth of 6%, which contributed to revenue's 13% rise to $2.79 billion, though that fell short of the analyst consensus at $2.82 billion.