Chipotle Mexican Grill (NYSE: CMG), whose stock is currently trading at around $809, generates its revenue from its Company operated Stores across the US with some stores (|2%) also present in Canada and Europe. In this note we discuss the historical performance, and expected Total Revenue...
Chipotle Mexican Grill features a menu of burritos, burrito bowls , tacos, and salads.
The idea was to show that food served fast didn’t have to be a typical “fast-food” experience. Using high-quality real ingredients, classic cooking techniques, and distinctive interior design, Chipotle brought features from the realm of fine dining to the world of quick-service restaurants. The Chipotle restaurants are primarily situated in the US and are fully company owned and thus reported under a single segment.Major competitors are companies like: Taco Bell, McDonald’s, Domino’s, KFC, and other fast food chains.
The restaurant growth is instrumental to the growth of revenue along with the average revenue per restaurant. Trefis estimates average number of restaurants to be more than 2,550 by the end of 2019. Average revenue per restaurant has seen a steady and consistent growth over the years. The metric increased from $1.8 million in 2016 to $2 million in 2018. Trefis estimates it to increase to $2.1 million in 2019.
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