Chipotle Mexican Grill Inc. (CMG) operates Chipotle Mexican Grill restaurants. Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The company operates around 1,410 restaurants.
Chipotle has been in business for 20 years. The brand is not new to consumers.
Performance Report Card
Chipotle’s average same-store sales growth for the prior three years was 7.6%. After the recent year-end results, Chipotle’s updated three-year average is higher, at 8.1%. Restaurant growth, meanwhile, clocked in at 14% from 2009 through 2011. In the last three years, that number’s stayed right on par, at 14%. Chipotle’s fourth-quarter net income increased nearly 30 percent to $79.6 million, or $2.53 per share.
— Guru Focus