It shows Chipotle does not disclose any data about the diversity of its board of directors, C-Suite, general management, and employees overall. Accessed Feb. Accessed Sep. Top Stocks. Company Profiles. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification.
I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. News Company News. Key Takeaways Chipotle Mexican Grill operates a chain of more than 2, fast-casual Mexican restaurants. The chain's stores are located primarily in the U. COVID has adversely impacted the company's business. Digital sales are growing quickly and accounted for Chipotle is testing a new car-side pickup service at 29 locations in California.
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The comments came after Chipotle posted results from the fourth quarter after the close. The planned store openings would bring Chipotle's store count to nearly 3, locations and would mark the first time since that the company added more than stores in a single year.
Chipotle added at least new stores to its roster annually over the last five years, including last year. The company currently has a head count of about 88, employees, according to a company spokesperson. Chipotle's growth story is an outlier from the state of the restaurant industry nationwide as diners and restaurateurs struggle to draw customers due to coronavirus restrictions and social distancing practices.
More than , eateries have shut down either permanently or for the foreseeable future, according to the National Restaurant Association. With indoor dining and capacity limits remaining in place in restaurants across the country, Chipotle has turned to other means of serving customers. However, those who want to open a franchise need to look to competitors. Qdoba Mexican Eats. Moe's Southwest Grill. Baja Fresh Mexican Grill. Rubio's Coastal Grill. Top Stocks. Company Profiles.
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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Top Stocks Top Stocks. Stocks Top Stocks. Key Takeaways Chipotle has expanded rapidly due to the growing demand for Mexican food and the increasing preference for fast-casual dining.
Although it is fast-food-oriented rather than fast-casual, Taco Bell has also started to compete with Chipotle by improving the quality of its food.
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