STOCK TITAN

CHIPOTLE REACHES 1,000TH CHIPOTLANE MILESTONE

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Chipotle Mexican Grill (NYSE: CMG) has announced the opening of its 1,000th Chipotlane restaurant in the Kansas City metro area. Chipotlanes, which represent nearly 30% of Chipotle's 3,600+ restaurants, have demonstrated higher volumes and greater returns compared to traditional formats. The company plans to open 315-345 new restaurants in 2025, with at least 80% featuring Chipotlanes. This expansion aligns with Chipotle's goal of reaching 7,000 restaurants in North America, targeting 8-10% annual unit growth. The drive-thru pickup process takes less than 30 seconds to complete.

Chipotle Mexican Grill (NYSE: CMG) ha annunciato l'apertura del suo 1.000° ristorante Chipotlane nell'area metropolitana di Kansas City. I Chipotlane, che rappresentano quasi il 30% dei oltre 3.600 ristoranti di Chipotle, hanno dimostrato volumi più elevati e ritorni maggiori rispetto ai formati tradizionali. L'azienda prevede di aprire tra 315 e 345 nuovi ristoranti nel 2025, con almeno l'80% di essi dotati di Chipotlane. Questa espansione è in linea con l'obiettivo di Chipotle di arrivare a 7.000 ristoranti in Nord America, puntando a una crescita annuale delle unità del 8-10%. Il processo di ritiro in auto richiede meno di 30 secondi per essere completato.

Chipotle Mexican Grill (NYSE: CMG) ha anunciado la apertura de su milésimo restaurante Chipotlane en el área metropolitana de Kansas City. Los Chipotlanes, que representan casi el 30% de los más de 3.600 restaurantes de Chipotle, han demostrado tener mayores volúmenes y mejores retornos en comparación con los formatos tradicionales. La compañía planea abrir entre 315 y 345 nuevos restaurantes en 2025, con al menos el 80% de ellos con Chipotlanes. Esta expansión se alinea con el objetivo de Chipotle de alcanzar 7.000 restaurantes en América del Norte, buscando un crecimiento anual de unidades del 8-10%. El proceso de recogida en auto toma menos de 30 segundos para completarse.

치폴레 멕시칸 그릴 (NYSE: CMG)천 번째 치포틀레인 레스토랑을 캔자스시티 대도시 지역에 개장했다고 발표했습니다. 치포틀레인은 치폴레의 3,600개 이상의 레스토랑 중 거의 30%를 차지하며 전통적인 형식에 비해 더 높은 매출과 더 나은 수익률을 보여주었습니다. 회사는 2025년에 315~345개의 새로운 레스토랑을 열 계획이며, 최소 80%가 치포틀레인을 갖출 것입니다. 이번 확장은 북미에 7,000개 레스토랑을 목표로 하는 치폴레의 목표와 일치하며, 연간 8-10%의 성장률을 지향하고 있습니다. 드라이브 스루 픽업 과정은 30초 이내에 완료됩니다.

Chipotle Mexican Grill (NYSE: CMG) a annoncé l'ouverture de son 1.000ème restaurant Chipotlane dans la région métropolitaine de Kansas City. Les Chipotlanes, qui représentent près de 30 % des plus de 3.600 restaurants Chipotle, ont démontré des volumes plus élevés et de meilleurs rendements par rapport aux formats traditionnels. La société prévoit d'ouvrir entre 315 et 345 nouveaux restaurants en 2025, avec au moins 80 % d'entre eux comprenant des Chipotlanes. Cette expansion s'inscrit dans l'objectif de Chipotle d'atteindre 7.000 restaurants en Amérique du Nord, visant une croissance annuelle de l'unité de 8 à 10 %. Le processus de retrait en voiture prend moins de 30 secondes à compléter.

Chipotle Mexican Grill (NYSE: CMG) hat die Eröffnung seines 1.000. Chipotlane-Restaurants im Großraum Kansas City bekannt gegeben. Die Chipotlanes, die fast 30% der über 3.600 Chipotle-Restaurants ausmachen, weisen im Vergleich zu traditionellen Formaten höhere Volumina und bessere Renditen auf. Das Unternehmen plant, im Jahr 2025 zwischen 315 und 345 neue Restaurants zu eröffnen, wobei mindestens 80% mit Chipotlanes ausgestattet sein sollen. Diese Expansion steht im Einklang mit Chipotles Ziel, in Nordamerika 7.000 Restaurants zu erreichen und jährliches Wachstum der Standorte von 8-10% anzustreben. Der Abholprozess im Drive-Thru dauert weniger als 30 Sekunden.

Positive
  • Chipotlanes demonstrate higher sales volumes and greater returns than traditional formats
  • Accelerating store expansion with 315-345 new restaurants planned for 2025
  • Strong growth trajectory with 8-10% annual unit growth target
  • 30% of current restaurant portfolio features high-performing Chipotlane format
Negative
  • None.

Insights

The milestone of 1,000 Chipotlanes marks a significant strategic achievement in Chipotle's expansion plans. With 80% of new locations featuring Chipotlanes and plans to open 315-345 new restaurants in 2025, this represents an aggressive growth strategy. The format has proven successful, delivering higher volumes and better returns than traditional locations.

The acceleration to 8-10% annual unit growth is particularly noteworthy given Chipotle's current market position. With Chipotlanes now representing 30% of their 3,600+ restaurant portfolio and a clear path toward their 7,000 restaurant goal, this expansion demonstrates strong operational execution and market demand. The 30-second service time for Chipotlane orders indicates efficient operations that could drive increased throughput and customer satisfaction.

The expansion strategy through Chipotlanes presents compelling financial metrics. Higher sales, margins and returns from this format justify the accelerated rollout. The company's ability to support this growth is strengthened by robust internal promotion pipelines, with 90% of restaurant management roles filled internally. The $100,000 potential compensation package for Restaurateurs helps attract and retain talent, important for maintaining service quality during rapid expansion.

Investment in employee development through debt-free degrees and substantial benefits demonstrates a long-term approach to human capital management, essential for sustaining growth. The combination of proven unit economics and strong operational infrastructure suggests this expansion can drive significant shareholder value.

  • The 1,000th Chipotlane will open in the Kansas City metro area on Thursday, November 21
  • Chipotle anticipates opening 315 to 345 new restaurants in 2025 with at least 80% featuring a Chipotlane

NEWPORT BEACH, Calif., Nov. 20, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) announced today the opening of its 1,000th Chipotlane restaurant on Thursday, November 21. Located in the Kansas City metro area, the milestone restaurant will feature the company's signature digital order drive thru pick-up lane. Of the company's more than 3,600 restaurants in its real estate portfolio, nearly 30% feature a Chipotlane. 

"Chipotlanes are a critical piece of our long-term growth goal of reaching 7,000 restaurants in North America," said Chris Brandt, Chief Brand Officer. "This restaurant format is the fastest way for fans to get Chipotle and has proven to increase sales, margins, and returns."

Inside the Chipotlane
Chipotle first introduced the Chipotlane format in the U.S. in early 2018, giving guests and delivery drivers the ability to pick up their Chipotle orders without leaving their cars. New restaurant openings that feature the digital order pick-up lane have demonstrated higher volumes and greater returns than a traditional Chipotle restaurant format. On average, it takes guests less than 30 seconds to complete the Chipotlane process.

Chipotle is building a real estate pipeline that will allow it to accelerate new unit growth to be in the range of 8% to 10% per year, with the majority of new restaurants featuring a Chipotlane. The company is on track to open between 285 to 315 new restaurants this year, which marks record growth for the business. In 2025, Chipotle anticipates opening between 315 to 345 new restaurants with at least 80% including a Chipotlane. 

The Milestone Restaurant 
Chipotle's 1,000th Chipotlane restaurant is located in the greater Kansas City area at 14833 West 151st Street in Olathe, Kansas. The new location will be open daily from 10:45 a.m. to 11 p.m. The first 100 guests at the restaurant will receive a free Chipotle Napkin Holder*.

Opportunities to Grow with Chipotle 
Developing future talent at Chipotle is paramount to supporting its growth plans. The company provides transparent career progression showing how crew members can advance to a Restaurateur, the highest General Manager position, in as little as three and a half years, with a total potential compensation package of approximately $100,000 while leading a growing multi-million-dollar business. Last year, Chipotle had 24,000 internal promotions including 90% of its restaurant management roles and 87% of Field Leader positions. The company offers eligible workers industry-leading benefits such as debt-free degrees, tuition reimbursement up to $5,250 per year, access to mental health care, financial planning tools, and the opportunity for quarterly bonuses for all employees, including hourly crew members, up to a month's worth of pay per year.

Those interested in joining Chipotle on its mission to Cultivate a Better World can apply here: Jobs.chipotle.com.

*Chipotle Napkin Holders are subject to availability. Limited to one piece per customer in-restaurant on a first come first serve basis.

ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 3,600 restaurants as of September 30, 2024, in the United States, Canada, the United Kingdom, France, Germany, and Kuwait and it is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. Chipotle is ranked on the Fortune 500 and is recognized on Fortune's Most Admired Companies 2024 list and Time Magazine's Most Influential Companies. With over 125,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit Chipotle.com.

Forward-Looking Statements
Certain statements in this press release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements about our long-term goals for number of new company-operated restaurant openings in 2025, expected number of restaurants with Chipotlanes, the impact of Chipotlanes on our sales, margins and returns and the earning potential of our employees. We use words such as "anticipate", "believe", "approximately", "estimate", "expect", "intend", "target", "goal" and similar terms and phrases, including references to assumptions, to identify forward-looking statements. The forward-looking statements in this press release are based on currently available operating, financial and competitive information available to us as of the date of this release and we assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements, including but not limited to: increasing wage inflation, including as a result of state or local regulations mandating higher minimum wages, and the competitive labor market, which impacts our ability to attract and retain qualified employees and has resulted in occasional staffing shortages; the impact of any union organizing efforts and our responses to such efforts; increasing supply costs; risks of food safety incidents and food-borne illnesses; risks associated with our reliance on certain information technology systems and potential material failures, interruptions or outages; privacy and cyber security risks, including risk of breaches, unauthorized access, theft, modification, destruction or ransom of guest or employee personal or confidential information stored on our network or the network of third party providers; the impact of competition, including from sources outside the restaurant industry; the impact of federal, state or local government regulations relating to our employees, employment practices, restaurant design and construction, and the sale of food or alcoholic beverages; our ability to achieve our planned growth, such as the costs and availability of suitable new restaurant sites, construction materials and contractors; the expected costs and risks related to our international expansion, including through licensed restaurants in the Middle East; increases in ingredient and other operating costs due to inflation, global conflicts, severe weather and climate change, our Food with Integrity philosophy, tariffs or trade restrictions; intermittent supply shortages relating to our Food with Integrity philosophy, rapid expansion and supply chain disruptions; the uncertainty of our ability to achieve expected levels of comparable restaurant sales due to factors such as changes in guests' perceptions of our brand, including as a result of negative publicity or social media posts, decreased consumer spending (including as a result of higher inflation, mass layoffs, fear of possible recession and higher energy prices), or the inability to increase menu prices or realize the benefits of menu price increases; risks associated with our digital business, including risks arising from our reliance on third party delivery services and the IT infrastructure; litigation risks, including possible governmental actions and potential class action litigation related to food safety incidents, cybersecurity incidents, employment or privacy laws, advertising claims, contract disputes or other matters; and other risk factors described from time to time in our SEC reports, including our annual report on Form 10-K and quarterly reports on Form 10-Q, all of which are available on the investor relations page of our website at ir.Chipotle.com.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/chipotle-reaches-1-000th-chipotlane-milestone-302311235.html

SOURCE Chipotle Mexican Grill

FAQ

How many Chipotlane locations does Chipotle (CMG) now have?

Chipotle has reached 1,000 Chipotlane locations, with the milestone restaurant opening in the Kansas City metro area.

What percentage of new Chipotle (CMG) restaurants will have Chipotlanes in 2025?

At least 80% of new Chipotle restaurants opening in 2025 will feature a Chipotlane.

How many new restaurants is Chipotle (CMG) planning to open in 2025?

Chipotle plans to open between 315 to 345 new restaurants in 2025.

What is the average Chipotlane order completion time at Chipotle (CMG)?

On average, it takes customers less than 30 seconds to complete the Chipotlane process.

Chipotle Mexican Grill, Inc.

NYSE:CMG

CMG Rankings

CMG Latest News

CMG Stock Data

81.79B
1.35B
0.69%
86.79%
2.08%
Restaurants
Retail-eating Places
Link
United States of America
NEWPORT BEACH