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Chipotle Mexican Grill, Inc. (CMG) is a US-based fast-casual restaurant chain that operates and franchises various fast-casual restaurants worldwide. The company was founded in 1993 and is headquartered in Newport Beach, California.
As of 2022, Chipotle Mexican Grill operates over 2,000 restaurants worldwide and employs over 80,000 people.
Chipotle Mexican Grill is listed on the New York Stock Exchange (NYSE) under the ticker symbol "CMG." It has been a publicly traded company since 2006.
The company has faced several challenges, including a series of food safety scandals in 2015 that resulted in a decline in sales and stock price. However, under the leadership of new management, the company implemented strategies to recovery, including menu innovation, digital ordering, and customer loyalty program.
In terms of financials, Chipotle Mexican Grill's revenue has fluctuated in recent years due to the impact of the COVID-19 pandemic and other factors. In 2020, the company reported a revenue of $5.59 billion. However, in 2022, the company reported a revenue of $8.29 billion, representing a year-over-year increase of 27.9%. Net income for the year 2022 was $1.27 billion, up from $327 million in 2020.
Chipotle Mexican Grill has been investing in digital technologies such as online ordering, mobile payments, and a loyalty program to enhance the customer experience and drive sales.
In conclusion, Chipotle Mexican Grill, Inc. (CMG) is a publicly-traded company listed on the New York Stock Exchange. While the company has faced challenges in recent years, it continues to invest in growth initiatives and report increased revenue and net income in recent years.