Wednesday, July 27, 2016

Chipotle Mexican Grill Rethinks Real Estate Development

Chipotle storefront signChipotle execs up to this point have stubbornly stuck to their guns about the pace of development, which is expected to be in the 11 percent to 12 percent range this year, with the opening of 220 to 235 units planned.

Analysts, meanwhile, have repeatedly suggested that it might be time to slow things down a bit, to focus less on building new restaurants and more on turning same-store sales positive again after a series of foodborne illness outbreaks last year knocked high-flying Chipotle off its successful trajectory.. . . more

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