Company type | Public |
---|---|
Industry | Restaurants |
Genre | Fast casual |
Founded | July 13, 1993[1] |
Founder | Steve Ells |
Headquarters | Newport Beach, California, U.S. |
Number of locations | 3,500 (June 2024) |
Area served |
|
Key people |
|
Products | |
Revenue | US$9.87 billion (2023) |
US$1.56 billion (2023) | |
US$1.23 billion (2023) | |
Total assets | US$8.04 billion (2023) |
Total equity | US$3.06 billion (2023) |
Number of employees | 116,068 (December 2023) |
Subsidiaries |
|
Website | chipotle |
Footnotes / references [2] |
Chipotle Mexican Grill, Inc. (/tʃɪˈpoʊtleɪ/, chih-POAT-lay),[3] often known simply as Chipotle, is an international chain of fast casual restaurants specializing in Tex-Mex cuisine salads, 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 dining establishments.[10] Founded by Steve Ells on July 13, 1993, 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.
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