Chipotle Mexican Grill

CMG · EST. 1993 · Newport Beach, California

+ CompareFranchise requirements
US UNITS4,1862026 record · Chipotle Form 10-Q, number of restaurants at June 30, 2026 (SEC)
GLOBAL UNITS4,1862026 record · Chipotle Form 10-Q, number of restaurants at June 30, 2026 (SEC)
FRANCHISED %0%2026 record · Chipotle does not franchise U.S. restaurants
FRANCHISE REQUIREMENTSView source notes ↓Primary-source review pending

01Our Coverage

Latest

Chipotle’s kitchen-equipment rollout passes 1,700 restaurants

Chipotle is extending its cooking and prep package, with about 2,000 restaurants planned by year-end.

Oct 29, 2026

Chipotle’s brisket return revisits a food-cost tradeoffOct 27, 2026Chipotle’s 1,500th Chipotlane pairs pickup with kitchen upgradesOct 6, 2026Chipotle pilots food-safety platform with PalantirSep 23, 2026Chipotle 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, 2026Chipotle Keeps the Seven-Visit Goal and Brings the Competition LocalSep 15, 2026Counter Service Is Steve Ells' Second Act. This Time, the Tech Is the Point.Mar 25, 2026Chipotle's Tattoo BOGO Set an All-Time Single-Day Sales Record. Here's the Playbook Behind It.Mar 24, 2026Chipotle's 32% Stock Slide Forces a Fast-Casual Valuation ReckoningMar 24, 2026Restaurant ownership: operations, property and revenueMar 24, 2026

02About the Brand

Chipotle Mexican Grill (NYSE: CMG) does not sell U.S. franchises. Full-year 2025 revenue was $11.9 billion, with a record 334 restaurant openings and digital sales at 37.2% of food and beverage revenue. The company reported 4,186 restaurants as of June 30, 2026. In September 2026 it said it wants an Apprentice in every company-owned restaurant by the end of 2027.

FIG 1 — US UNIT COUNT, 2024–2026

RECORD YEARS AND SOURCE LABELS BELOW

Records can refer to different reporting dates within a year. Estimates are identified in the source labels; these records are not a like-for-like growth calculation.

2024
Chipotle Form 10-K, number of restaurants at Dec. 31, 2024 (SEC)
2025
Chipotle Form 10-K, number of restaurants at Dec. 31, 2025 (SEC)
2026
Chipotle Form 10-Q, number of restaurants at June 30, 2026 (SEC)
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