Chipotle Mexican Grill reported a strong fourth quarter for the end of 2024, highlighting its ongoing expansion both domestically and internationally. The company plans to open between 315 and 345 new locations in 2025, with over 80% featuring a “Chipotlane” drive-thru for digital orders. As part of its vision to establish 7,000 restaurants across North America, Chipotle is also focusing on international growth, operating 85 locations worldwide, including 55 in Canada, 27 in Europe, and three in the Middle East, where it entered last year. New CEO Scott Boatwright emphasized the brand’s appeal across different markets and outlined plans to accelerate growth in Canada and the Middle East while developing its presence in Europe. 

For the fourth quarter, Chipotle reported a net income of $331.8 million, or $0.24 per share, an increase from $282.1 million, or $0.20 per share, in the same period last year, with total net sales rising 13.1% to $2.85 billion. The company experienced a 5.4% increase in comparable restaurant sales, and total revenue for 2024 grew 14.6% to $11.3 billion. Boatwright highlighted the success of transaction-driven comparable sales and expansion initiatives throughout the year. With ambitions to reach 7,000 restaurants in North America and elevate its average unit volumes, Chipotle is well positioned for growth as a significant player in the global restaurant industry. 

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Chipotle to open 315 to 345 locations in 2025; Q4 sales, traffic up | Chain Store Age