Gourmet Mexican fast-food chain.
1401 Wynkoop St., Suite 500
Denver, CO 80202
CEO: Steve Ells
Stock Symbol: CMG
Chipotle operates a chain of Mexican fast-food restaurants offering high-quality ingredients including beans, rice and vegetables and naturally-raised meats including pork, chicken and beef in burritos, burrito bowls, tacos and salads. There are now 2,250 restaurants nationwide and in Canada and England.
Chipotle promotes its quality ingredients as Food With Integrity. It finds organic and local produce and farms that treat animals with respect and dignity.
Chipotle reported revenues of $3.9 billion in 2016, a decline of 11%, and net income of $22.9 million. The chain has been hurt by declining sales since an outbreak of e coli bacteria in 2015 at some restaurants scared off customers and forced the company to change its food preparation practices.
In March, the company said it became the only national restaurant chain to use no added colors, flavors or preservatives in its food.
The company opened 240 new restaurants in 2016. The company plans to open 195-210 new restaurants in 2017.
"We are energized and focused to achieve our goals in 2017, and to return to a path of long-term value creation for our shareholders," said Steve Ells, Founder, Chairman and CEO of Chipotle. "Returning to our roots of what originally made Chipotle great has helped refocus all of our strategies toward the guest experience. In the upcoming year we intend to continue to simplify and improve our restaurant operations, utilize creative marketing to rebuild our brand, and further the roll-out of our digital sales efforts. All three of these strategic initiatives are centered on improving the guest experience and restoring customer affinity for the Chipotle brand, and we are confident in our teams abilities as we start this new year."
Chipotle said it would close Shophouse, a chain of 15 Southeast Asian-restaurants this year.
Steve Ells founded Chipotle in 1993 offering a simple menu of great food prepared fresh every day. The idea was simple: demonstrate that food served fast didn't have to be a "fast-food" experience.
Prior to launching Chipotle, Mr. Ells worked for two years at Stars restaurant in San Francisco. Mr. Ells graduated from the University of Colorado with a Bachelor of Arts degree in art history. He is also a 1990 Culinary Institute of America graduate.
McDonald's first invested in Chipotle in 1998.
The company went public in a January, 2006 IPO and was spun off from McDonald's corporation.
Here are benefits for restaurant employees:
· Limited Medical, Rx, Dental, and Vision Benefits*
· Paid vacation***
· Bi-annual merit increase***
· Closed New Years, Easter, Thanksgiving, and Christmas
· Referral bonuses
· Yearly bonus***
· Direct deposit
· Free meals
· Free t-shirts
*Employer contribution after one year
**Employer match after one year
***For those who qualify
Updated April 14, 2017