Chipotle Mexican Grill

CMG · EST. 1993 · Newport Beach, California

+ CompareFDD notes
US UNITS3,586+5.3% YOY
GLOBAL UNITS3,500
AUV (US)$3M
INVESTMENT RANGE$344K–$860K
FRANCHISED %0%

01The Read

Fast-casual Mexican restaurant with customizable burritos and bowls

FIG 1 — US UNIT COUNT, 2019–2025

SOURCE: QSR PRO ESTIMATES

02Our Coverage

Chipotle Targets Full Apprentice Coverage by the End of 2027Sep 15, 2026Chipotle’s venture update spans farming, sourcing and biometric paymentsSep 15, 2026Chipotle Sets July 16 Mexico Debut With Alsea in Nuevo LeónSep 15, 2026Starbucks Goes South: Inside the 250,000-Square-Foot Nashville Bet Reshaping QSR Corporate StrategyMar 25, 2026Chipotle's 32% Stock Slide Forces a Fast-Casual Valuation ReckoningMar 24, 2026Chipotle's Q4 2025: Traffic Falls for a Fourth Straight Quarter as the Post-Niccol Era Takes ShapeMar 24, 2026
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