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Chipotle Mexican Grill

Chipotle Mexican Grill, Inc.
Public
Traded as CMG
S&P 500 Component
Industry Fast casual
Founded July 13, 1993; 23 years ago (1993-07-13)
Founder Steve Ells
Headquarters Denver, Colorado, U.S.
Number of locations
2,010 (2015)
Area served
United States, Canada, United Kingdom, Germany, France
Key people
  • Steve Ells (Chairman and CEO)
  • Mark Crumpacker (Chief Marketing and Development Officer)
  • Jack R. Hartung (Chief Financial Officer)
Revenue IncreaseUS$4.5 billion (2015)
Increase US$763.6 million (2015)
Increase US$475.6 million (2015)
Total assets Increase US$2.73 billion (2015)
Total equity Increase US$1.245 billion (2012)
Number of employees
45,200 (2013)
Subsidiaries
Website chipotle.com
External video
"How Chipotle made hundreds of people barf". Vox report dated January 6, 2016, explaining Chipotle's "food safety crisis".

Chipotle Mexican Grill, Inc. (/ˈptl/) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in tacos and burritos. Its name derives from chipotle, the Nahuatl name for a smoked and dried jalapeño chili pepper. The company currently trades on the under the ticker symbol CMG.

The company has released a mission statement called Food with Integrity, which highlights its efforts in using naturally-grown ingredients, and serves more naturally raised meat than any other restaurant chain. Chipotle is one of the first chains of fast casual dining establishments. Competitors in the fast-casual Mexican market include Qdoba Mexican Grill, Moe's Southwest Grill, Rubio's Coastal Grill, Pancheros Mexican Grill, Freebirds World Burrito, and Baja Fresh.

Founded by Steve Ells in July 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.

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.


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