Chipotle's Ambitious Expansion and Stock Split Drive Future Growth
The fast-casual chain aims to double its store count and enhance international presence while making its stock more accessible.
- Chipotle plans to increase its North American store count from 3,500 to 7,000 within five years.
- The company is expanding internationally with new stores in Europe and its first franchise agreement in the Middle East.
- A recent 50-for-1 stock split aims to attract more retail investors by lowering the share price.
- First-quarter revenue grew by 14%, with comparable restaurant sales rising 7%.
- Digital sales, which represent 37% of revenue, continue to boost profitability.