Chipotle opens 3,000th restaurant in Arizona
Chipotle plans to open more than 200 more locations in the upcoming year
Fox Business Flash top headlines for February 11
Check out what's clicking on FoxBusiness.com.
Chipotle has reached 3,000 locations.
On Tuesday, the chain announced the opening of its milestone 3,000th restaurant location in Phoenix, Arizona.
The newest spot also has one of Chipotle’s digital order drive-thru pick-up lanes, called a Chipotlane, according to an announcement from the company.
DOORDASH TO BUMP UP ITS FEES ON SLOW MCDONALD’S RESTAURANTS
Chipotle said it isn't stopping at 3,000 restaurants. In its announcement, Chipotle said it plans to open between 235 and 250 new restaurants over the next year. Chipotle currently has restaurants in the U.S., Canada and the U.K.
On Tuesday, Chipotle celebrated its 3,000th restaurant opening with a new Chipotlane pickup line in Phoenix, Arizona. (Courtesy of Chipotle)
"This achievement is a testament to our phenomenal teams and their relentless pursuit of bringing Food with Integrity to more communities," Brian Niccol, Chipotle’s chairman and CEO said in a statement. "We are thrilled to celebrate our 3,000th restaurant opening, and the progress we've made towards our goal of having 7,000 restaurants or more in North America.
CHICK-FIL-A WORKER REVEALS SECRET MENU ITEMS IN VIRAL TIKTOK
Last year, Chipotle opened 215 new locations, according to the announcement.
Chipotle's 3000th restaurant features a Chipotlane drive-thru pick up lane that allow customers who order online or via the Chipotle app to pick up their orders without leaving their cars. The restaurant’s exterior also features a commemorative 3,000 (Courtesy of Chipotle)
"Our phenomenal teams have demonstrated their abilities to deliver against our aggressive expansion strategies," Jack Hartung, Chipotle’s chief financial officer, said in a statement. "We are well positioned to drive sustainable long-term growth and I am optimistic that we will achieve our goals while continuing to Cultivate a Better World."
GET FOX BUSINESS ON THE GO BY CLICKING HERE
A significant part of Chipotle’s growth includes its expansion of its "Chipotlane" pickup lane model, the announcement said.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CMG | CHIPOTLE MEXICAN GRILL INC. | 61.52 | -0.53 | -0.85% |
"This format has proven to enhance guest access and convenience, as well as increase new restaurant sales, margins, and returns," the announcement said of its "Chipotlanes."
CLICK HERE TO READ MORE ON FOX BUSINESS