CHIPOTLE MEXICAN GRILL INC

Chipotle Mexican Grill, Inc. (NYSE: CMG) operates a fast-casual restaurant chain specializing in customizable Mexican cuisine. The company maintains its website at www.chipotle.com and serves guests through company-owned and partner-operated locations across North America and select international markets.

As of December 31, 2025, Chipotle operated 3,938 restaurants throughout the United States and 104 international locations, with an additional 14 partner-operated restaurants in markets including the Middle East, Mexico, and Asia. The company employs approximately 130,301 people worldwide, with the majority working in U.S. restaurant locations. Chipotle generates revenue exclusively from restaurant sales, with no reportable segment divisions.

The company's core business centers on serving burritos, burrito bowls, quesadillas, tacos, and salads prepared fresh daily using responsibly sourced ingredients. Chipotle's foundational philosophy, branded as "Food with Integrity," emphasizes high-quality, naturally raised proteins marketed as "Responsibly Raised," responsibly grown produce, and the absence of artificial colors, flavors, or preservatives. This commitment to ingredient sourcing and food safety represents a key competitive differentiator in the fast-casual segment.

Digital ordering has become increasingly central to Chipotle's business model, representing 36.7 percent of food and beverage revenue in 2025. The company continues expanding its Chipotlane format, a drive-through pickup system designed specifically for digital orders, alongside investments in its mobile app and website ordering capabilities.

Founded in Denver, Colorado in 1993, Chipotle has grown into one of the largest fast-casual restaurant operators in North America. The company's growth strategy emphasizes operational excellence, menu innovation, technology modernization including artificial intelligence applications, global expansion through both company-owned and partner-operated models, and talent development. Chipotle maintains registered trademarks including "Chipotle," "Food with Integrity," "Responsibly Raised," and "Chipotle Rewards" across multiple jurisdictions.

The company operates through eleven U.S. regions and manages its supply chain through relationships with multiple independently owned regional distribution centers and carefully selected suppliers aligned with Chipotle's quality and sustainability standards.