Gourmet Mexican fast-food chain.
1401 Wynkoop St., Suite 500
Denver, CO 80202
CEO: Brian Niccol
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 over 2,400 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 September 2017, the chain launched queso at all stores nationwide.
Chipotle closed Shophouse, a chain of 15 Southeast Asian-restaurants in 2017.
Brian Niccol, CEO of Taco Bell, has been named the new CEO of Chipotle. He is raplacing Steve Ells who stepped down from the position.
The company announced this year it will give cash bonuses to hourly and salaried employees up to $1,000 due to the new Tax law. Qualified staff will also receive a one-time stock grant.
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 February 20, 2018