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Chipotle Plans Biggest Growth Yet in 2012
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Copyright: QSR Magazine
February 7, 2012
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Chipotle Mexican Grill executives sounded an optimistic note for the coming year during the company's fourth-quarter earnings call, despite an anticipated double-digit rise in costs for the company's naturally cultivated commodities. Montgomery Moran, co-CEO of Chipotle, said the company expects to open 155–165 new Chipotle locations in 2012. "While this is more restaurants than we've ever opened in a single year, we are confident," Moran said, citing the "quality of what's in the real estate pipeline."...
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