Chipotle (CMG) is building a real estate pipeline that will allow it to accelerate new unit growth to be in the range of 8% to 10% per year, with the majority of new restaurants featuring a Chipotlane. The company is on track to open between 285 to 315 new restaurants this year, which marks record growth for the business. In 2025, Chipotle anticipates opening between 315 to 345 new restaurants with at least 80% including a Chipotlane.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMG:
- Chipotle announces opening of 1,000th Chipotlane restaurant
- Bill Ackman Piles In on NKE and BBU Stocks but Trims HLT
- Chipotle assumed with an Outperform at RBC Capital
- Ackman’s Pershing Square buys Seaport, boosts Nike in Q3
- Market-Beating SCHG ETF: Simple and Effective Exposure to U.S. Growth Stocks