Chipotle's mobile pickup lanes, dubbed Chipotlanes, are driving strong digital sales and highly profitability, so the company shifted its real estate strategy to seek more sites that can accommodate them, CEO Brian Niccol told investors during a Tuesday earnings call.
Of the over 80 restaurants currently under construction, about half will feature a Chipotlane, resulting in about 60 Chipotlanes by the end of the year. In 2020, the company expects to open 150 to 165 restaurants, and more than half will include Chipotlanes. . . . more