American Mexican restaurant chain
Chipotle Mexican Grill, Inc. Company type Public Industry Restaurants Genre Fast casual Founded July 13, 1993; 31 years ago (1993-07-13 ) [ 1] Founder Steve Ells Headquarters Newport Beach, California , U.S.Number of locations
3,726 (2024) Area served
Canada France Germany Kuwait United Arab Emirates United Kingdom United States Key people
Scott Maw (chairman) Scott Boatwright (CEO) Products Revenue US$ 11.31 billion (2024) US$1.916 billion (2024) US$1.534 billion (2024)Total assets US$9.204 billion (2024)Total equity US$3.656 billion (2024)Number of employees
130,504 (2024) Subsidiaries Website chipotle .com Footnotes / references [ 2]
Chipotle Mexican Grill, Inc. (, 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] Its name derives from chipotle , the Nahuatl name (from chilpoctli ) for a smoked and dried jalapeño chili pepper .[ 8] [ 9]
Chipotle was one of the first chains of fast casual restaurants .[ 10] It was founded by Steve Ells on July 13, 1993. Ells was the founder, chairman, and CEO of Chipotle. He was inspired to open the restaurant after visiting taquerias and burrito shops in San Francisco's Mission District while working as a chef. Ells wanted to show customers that fresh ingredients could be used to quickly serve food. Chipotle had 16 restaurants (all in Colorado) when McDonald's Corporation became a major investor in 1998. By the time McDonald's fully divested itself from Chipotle in 2006, the chain had grown to over 500 locations.[ 11] With more than 2,000 locations, Chipotle had a net income of US$475.6 million and a staff of more than 45,000 employees in 2015.[ 12]
In May 2018, Chipotle announced the relocation of their corporate headquarters to Newport Beach, California , in Southern California, leaving Denver after 25 years.
^ Shambora, Jessica (October 9, 2010). "Chipotle Mexican Grill, Inc. (CMG)" . CNNMoney . Retrieved October 13, 2010 .
^ "US SEC: Form 10-K Chipotle Mexican Grill, Inc" . U.S. Securities and Exchange Commission . February 5, 2025.
^ Cite error: The named reference barnes
was invoked but never defined (see the help page ).
^ Birdsall, John (October 11, 2016). "The Story of the Mission Burrito, Piled High and Rolled Tight" . Bon Appetit . Retrieved January 9, 2018 .
^ Montgomery, Kevin. "Chipotle's Roots in the Mission" . Uptown Almanac. Archived from the original on April 4, 2017. Retrieved January 9, 2018 .
^ Cite error: The named reference lexpress-2012may31
was invoked but never defined (see the help page ).
^ "CHIPOTLE ACCELERATES INTERNATIONAL EXPANSION THROUGH FIRST-EVER DEVELOPMENT AGREEMENT WITH ALSHAYA GROUP IN MIDDLE EAST - Jul 18, 2023" . www.chipotle.com . Retrieved March 14, 2024 .
^ "Online Etymology Dictionary" . etymonline.com. Retrieved June 3, 2015 .
^ Forgrieve, Janet (January 27, 2006). "Founder shines as shares hit $45.1 million" . Rocky Mountain News . Archived from the original on July 5, 2007. Retrieved December 15, 2009 .
^ Jennings, Lisa (July 17, 2006). "Mexican fast-casual chains revamp offerings as parents mull spinoffs" . Nations Restaurant News. Archived from the original on July 14, 2012. Retrieved April 2, 2009 .
^ Brand, Rachel (December 23, 2006). "Chipotle founder had big dreams" . Rocky Mountain News . Archived from the original on April 3, 2008. Retrieved June 28, 2008 .
^ "Chipotle Mexican Grill, Inc. Announces Fourth Quarter and Full Year 2015 Results; CDC Investigation Over; Chipotle Welcomes Customers Back to Restaurants" . Denver, CO: Chipotle Mexican Grill. February 2, 2016. Archived from the original on February 4, 2016. Retrieved March 8, 2016 .