- 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.
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SOURCE Chipotle Mexican Grill
