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Chipotle Mexican Grill

Updated: 12/11/2025, 4:08:14 PM Wikipedia source

Chipotle Mexican Grill, Inc. ( chih-POHT-lay), often known simply as Chipotle, is an American multinational chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. As of June 30, 2025, Chipotle has over 3,800 restaurants. Its name derives from chipotle, the Nahuatl name (from chilpoctli) for a smoked and dried jalapeño chili pepper. Chipotle was one of the first chains of fast casual restaurants. It was founded by Steve Ells on July 13, 1993. Ells was the founder, chairman, and CEO of Chipotle. He was inspired to open the restaurant after visiting taquerias and burrito shops in San Francisco's Mission District while working as a chef. Ells wanted to show customers that fresh ingredients could be used to quickly serve food. Chipotle had 16 restaurants (all in Colorado) when McDonald's Corporation became a major investor in 1998. By the time McDonald's fully divested itself from Chipotle in 2006, the chain had grown to over 500 locations. With more than 2,000 locations, Chipotle had a net income of US$475.6 million and a staff of more than 45,000 employees in 2015. By 2025, Chipotle had restaurants in 48 states and the district of Columbia but not in the states of Alaska nor Hawaii, nor in the American overseas territories of Puerto Rico, Virgin Islands, American Samoa, or Guam. In May 2018, Chipotle announced the relocation of their corporate headquarters to Newport Beach, California, in Southern California, leaving Denver after 25 years.

Infobox

Company type
Public
Traded as
mw- NYSE: CMGS&P 500 component
Industry
Restaurants
Founded
July 13, 1993; 32 years ago (1993-07-13)
Founder
Steve Ells
Headquarters
Newport Beach, California, U.S.
Number of locations
3,726 (2024)
Area served
CanadaFranceGermanyKuwaitUnited Arab EmiratesQatarUnited KingdomUnited States
Key people
Scott Maw (chairman)Scott Boatwright (CEO)Adam Rymer (CFO)
Products
mw- .inline, .inline dl, .inline ol, .inline ul, dl dl, dl ol, dl ul, ol dl, ol ol dd dd dd , dd dt , dd li , dt dd , dt dt , dt li , li dd dd dd , dd dt , dd li , dt dd , dt dt , dt li , li dd dd ol li Tacos Mission burritos Mexican-American cuisine
Revenue
US$11.31 billion (2024)
Operating income
US$1.916 billion (2024)
Net income
US$1.534 billion (2024)
Total assets
US$9.204 billion (2024)
Total equity
US$3.656 billion (2024)
Number of employees
130,504 (2024)
Subsidiaries
Pizzeria Locale (2013–2023)ShopHouse Southeast Asian Kitchen (2012–2018)Tasty Made (2016–2018)Farmesa (2023–2024)
Website
chipotle.com

Tables

· Corporate affairs › Financial performance
2009
2009
Year
2009
Revenuein million USD
1,518
Net incomein million USD
127
Total assetsin million USD
962
Employees
22,250
Number of locations
956
2010
2010
Year
2010
Revenuein million USD
1,836
Net incomein million USD
179
Total assetsin million USD
1,122
Employees
26,500
Number of locations
1,084
2011
2011
Year
2011
Revenuein million USD
2,270
Net incomein million USD
215
Total assetsin million USD
1,425
Employees
30,940
Number of locations
1,230
2012
2012
Year
2012
Revenuein million USD
2,731
Net incomein million USD
327
Total assetsin million USD
2,009
Employees
37,310
Number of locations
1,410
2013
2013
Year
2013
Revenuein million USD
3,215
Net incomein million USD
327
Total assetsin million USD
2,009
Employees
45,340
Number of locations
1,595
2014
2014
Year
2014
Revenuein million USD
4,108
Net incomein million USD
445
Total assetsin million USD
2,527
Employees
53,090
Number of locations
1,783
2015
2015
Year
2015
Revenuein million USD
4,501
Net incomein million USD
476
Total assetsin million USD
2,725
Employees
59,330
Number of locations
2,010
2016
2016
Year
2016
Revenuein million USD
3,904
Net incomein million USD
23
Total assetsin million USD
2,026
Employees
64,570
Number of locations
2,250
2017
2017
Year
2017
Revenuein million USD
4,476
Net incomein million USD
176
Total assetsin million USD
2,046
Employees
68,890
Number of locations
2,408
2018
2018
Year
2018
Revenuein million USD
4,865
Net incomein million USD
177
Total assetsin million USD
2,266
Employees
73,000
Number of locations
2,481
2019
2019
Year
2019
Revenuein million USD
5,586
Net incomein million USD
350
Total assetsin million USD
5,105
Employees
83,000
Number of locations
2,622
2020
2020
Year
2020
Revenuein million USD
5,985
Net incomein million USD
356
Total assetsin million USD
6,653
Employees
88,000
Number of locations
2,748
2021
2021
Year
2021
Revenuein million USD
7,547
Net incomein million USD
653
Total assetsin million USD
6,653
Employees
97,660
Number of locations
2,956
2022
2022
Year
2022
Revenuein million USD
8,635
Net incomein million USD
899
Total assetsin million USD
6,928
Employees
104,958
2023
2023
Year
2023
Revenuein million USD
9,872
Net incomein million USD
1,229
Total assetsin million USD
8,044
Employees
116,068
2024
2024
Year
2024
Revenuein million USD
11,314
Net incomein million USD
1,534
Total assetsin million USD
9,204
Employees
130,504
Number of locations
3,726
Year
Revenuein million USD
Net incomein million USD
Total assetsin million USD
Employees
Number of locations
2009
1,518
127
962
22,250
956
2010
1,836
179
1,122
26,500
1,084
2011
2,270
215
1,425
30,940
1,230
2012
2,731
327
2,009
37,310
1,410
2013
3,215
327
2,009
45,340
1,595
2014
4,108
445
2,527
53,090
1,783
2015
4,501
476
2,725
59,330
2,010
2016
3,904
23
2,026
64,570
2,250
2017
4,476
176
2,046
68,890
2,408
2018
4,865
177
2,266
73,000
2,481
2019
5,586
350
5,105
83,000
2,622
2020
5,985
356
6,653
88,000
2,748
2021
7,547
653
6,653
97,660
2,956
2022
8,635
899
6,928
104,958
2023
9,872
1,229
8,044
116,068
2024
11,314
1,534
9,204
130,504
3,726

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  278. "How an internet mob falsely painted a Chipotle employee as racist"
    https://edition.cnn.com/2019/05/25/us/false-racism-internet-mob-chipotle-video/index.html
  279. CNBC
    https://www.cnbc.com/2019/12/20/chipotle-accused-of-violating-us-labor-law-on-union-organizing.html
  280. CNBC
    https://www.cnbc.com/2022/06/23/chipotle-restaurant-in-maine-files-petition-for-union-election-.html
  281. WABI 5
    https://www.wabi.tv/2022/11/04/nlrb-issues-complaint-ordering-chipotle-reopen-closed-augusta-store/
  282. CNBC
    https://www.cnbc.com/2022/08/25/chipotle-restaurant-in-michigan-votes-to-unionize-in-a-first-for-the-chain.html
  283. CNBC
    https://www.cnbc.com/2022/03/16/chipotle-tests-robot-kitchen-assistant-named-chippy-to-make-tortilla-chips.html
  284. CNBC
    https://www.cnbc.com/2022/12/27/restaurant-chains-are-investing-in-robots-bringing-change-for-workers.html
  285. The New York Times
    https://mediadecoder.blogs.nytimes.com/2010/04/05/chipotle-bites-the-hand-it-used-to-feed/
  286. "Chipotle airs new ad, steals Grammys spotlight"
    https://www.foxnews.com/food-drink/chipotle-airs-new-ad-steals-grammys-spotlight
  287. TODAY.com
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  288. The Wall Street Journal
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  289. "Chipotle Mexican Grill SEC 2005 Filing"
    http://www.secinfo.com/dVut2.zRuv.htm
  290. MarketWatch
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  291. "Boorito"
    https://web.archive.org/web/20111020210032/http://www.chipotle.com/en-US/fan-antics/boorito/boorito.aspx
  292. Fast Company
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  293. USA Today
    https://www.usatoday.com/story/money/business/2013/09/12/chipotle-big-food-millennial-marketing/2798023/
  294. Los Angeles Times
    http://www.latimes.com/entertainment/music/posts/la-et-ms-fiona-apple-covers-willy-wonka-in-striking-new-chipotle-clip-20130913,0,6756902.story
  295. The Wall Street Journal
    https://www.wsj.com/articles/SB10001424052702304591604579288643406741548
  296. Denver Business Journal
    http://www.bizjournals.com/denver/print-edition/2011/09/02/chipotles-farm-team-grows-customer.html?page=all
  297. Chipotle
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  298. "Garmin presents 2009 squad to packed house in Boulder"
    https://velonews.competitor.com/2008/11/news/road/garmin-presents-2009-squad-to-packed-house-in-boulder_85351
  299. "Team Garmin-Chipotle Changes Name to Team Garmin-Slipstream; Announces New Anti-Doping Partner"
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  300. The Boston Globe
    https://web.archive.org/web/20140321032734/http://www.boston.com/business/ticker/2009/10/celtics_team_up.html
  301. NHL.com
    http://bruins.nhl.com/club/news.htm?id=505682
  302. Adweek
    http://www.adweek.com/news/advertising-branding/chipotle-serves-free-food-inc-screenings-106099
  303. Adweek
    http://www.adweek.com/aw/content_display/news/agency/e3i5c6f976cbed5f4a969764dbb45cb88b2
  304. Dallas Business Journal
    http://dallas.bizjournals.com/dallas/stories/2009/09/14/daily4.html
  305. "Chipotle turns junk mail into healthy alternatives with new campaign"
    https://web.archive.org/web/20130113090415/http://www.ricg.com/marketing_articles/creative_design/chipotle_turns_junk_mail_into_healthy_alternatives_with_new_campaign/
  306. "Merchants Of Soul: A Trip To Chipotle And Outside Lands With Spoon"
    https://www.stereogum.com/1694413/merchants-of-soul-a-trip-to-chipotle-and-outside-lands-with-spoon/interviews/
  307. FastCasual.com
    https://web.archive.org/web/20110710225038/http://www.fastcasual.com/article/179669/Chipotle-wraps-burritos-in-gold
  308. Triangle Business Journal
    http://www.bizjournals.com/triangle/blog/2011/04/chipotle-enlists-amy-sedaris-for-boost.html
  309. Huffington Post
    http://www.huffingtonpost.com/2013/03/19/chipotle-pulls-sponsorshi_n_2909620.html
  310. The National Law Review
    http://www.natlawreview.com/article/nlrb-continues-to-target-employers-social-media-policies
  311. The National Law Review
    http://www.natlawreview.com/article/more-trouble-chipotle-nlrb-rules-social-media-policy-and-practice-unlawful
  312. "Chipotle Rolls Out Gold Foil To Celebrate American Athletes In Tokyo"
    https://www.prnewswire.com/news-releases/chipotle-rolls-out-gold-foil-to-celebrate-american-athletes-in-tokyo-301338287.html
  313. Forbes
    https://www.forbes.com/sites/paultassi/2021/10/30/roblox-down-new-update-says-its-not-chipotles-fault/?sh=6fd14507ad69
  314. www.haasf1team.com
    http://www.haasf1team.com/news/moneygram-haas-f1-team-and-chipotle-mexican-grill-announce-new-partnership
  315. Time
    https://web.archive.org/web/20080131185801/http://www.time.com/time/specials/2007/article/0,28804,1663316_1684619_1663337,00.html
  316. St. Petersburg Times
    http://www.sptimes.com/2005/04/14/Weekend/Mexican_food__fast_an.shtml
  317. The Columbus Dispatch
    https://archive.today/20120730111436/http://www.columbusdispatch.com/live/content/business/stories/2009/03/10/rest_0310.ART_ART_03-10-09_C10_HQD5V8L.html?sid=101
  318. "2009 Annual Report for Chipotle Mexican Grill"
    https://web.archive.org/web/20151017041439/http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDA5NDR8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
  319. Reporter-Herald
    http://www.reporterherald.com/features/Feature-Story.asp?section=Focus&ID=29826
  320. Chicago Tribune
    https://www.chicagotribune.com/news/ct-xpm-2006-03-23-0603230252-story.html
  321. The Commercial Appeal
    http://www.commercialappeal.com/news/2011/mar/31/chipolte-brings-its-food-integrity-concept-memphis/
  322. "Chipotle to Use Solar Power at 75 Restaurants"
    https://web.archive.org/web/20100717041235/http://www.triplepundit.com/2009/10/75-chipotle-mexican-grill-restaurants-go-green-with-solar/
  323. Urban Tulsa Weekly
    https://web.archive.org/web/20110717173348/http://www.urbantulsa.com/gyrobase/Content?oid=oid%3A19018
  324. Austin Energy
    https://web.archive.org/web/20130525114824/http://www.austinenergy.com/energy%20efficiency/programs/Green%20Building/Resources/Case%20Studies/comm_chipotle.html
  325. Newsday
    https://web.archive.org/web/20130115193637/http://www.newsday.com/business/inside-long-island-business-1.811933/green-cleaning-at-chipotle-1.2544384
  326. The Kansas City Star
    https://web.archive.org/web/20101007184617/http://www.kansascity.com/2010/10/04/2276637_court-backs-man-in-wheelchair.html?storylink=omni_popular
  327. The Denver Post
    http://www.denverpost.com/business/ci_17877271
  328. Sierra Sun
    https://web.archive.org/web/20110716065941/http://www.sierrasun.com/article/20100916/NEWS/100919945/1066%26ParentProfile%3D1051
  329. Denver Post
    https://www.denverpost.com/2013/12/18/chipotle-partners-with-frasca-co-founders-to-launch-pizzeria-locale/
  330. Eater
    https://denver.eater.com/2014/9/11/6157633/pizzeria-locale-highland-gets-ready-to-open
  331. Feast Magazine
    https://www.feastmagazine.com/the-feed/article_4b1fc1d2-3233-11e5-a4ff-3fe856ce7ac9.html
  332. Cincinnati Enquirer
    https://www.cincinnati.com/story/entertainment/dining/2016/03/16/chipotle-backed-pizzeria-now-open-kenwood/81829588/
  333. Eater
    https://denver.eater.com/2018/6/27/17511982/pizzeria-locale-closing-kansas-city-cincinnati
  334. BusinessDen
    https://businessden.com/2019/03/18/pizzeria-locale-plans-two-new-denver-locations-after-closing-out-of-state-restaurants-last-year/
  335. Westword
    https://www.westword.com/restaurants/pizzeria-locale-opens-new-stapleton-location-11563572
  336. BusinessDen
    https://businessden.com/2020/02/05/three-more-9th-and-colorado-retail-tenants-announced-as-apartment-complex-opens/
  337. Westword
    https://www.westword.com/restaurants/gelato-boy-and-pizzeria-locale-open-at-9th-and-colorado-development-11778969
  338. The Takeout
    https://thetakeout.com/chipotle-restaurant-pizzeria-locale-locations-closing-1850614719
  339. Boulder Reporting Lab
    https://boulderreportinglab.org/2022/12/22/i-owe-so-much-to-that-family-the-story-behind-the-name-change-of-boulders-pizzeria-locale-to-pizzeria-alberico/
  340. Columbus Dispatch
    http://www.dispatch.com/content/stories/business/2016/10/26/chipotles-burger-restaurant-tasty-made-opens-thursday-in-lancaster.html
  341. Bloomberg News
    https://www.bloomberg.com/news/articles/2016-07-28/chipotle-s-first-burger-restaurant-will-open-this-year-in-ohio
  342. Columbus Business First
    https://www.bizjournals.com/columbus/news/2018/03/01/chipotle-closes-its-tasty-made-test-restaurant.html
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