In 2024, Chipotle experienced unprecedented growth, opening 304 new locations, the most in a year for the brand. This expansion was coupled with a revenue surge to $11.3 billion, reflecting a 14.6% increase from the previous year. The chain’s resilient performance contrasts sharply with many struggling fast-casual competitors, some of which filed for bankruptcy. While Chipotle plans to increase its openings further in 2025, CEO Scott Boatwright highlighted the company's commitment to prioritizing service as they grow amidst industry challenges.
In 2024, Chipotle opened 304 new restaurants, marking the highest number of openings in a single year in their franchise history.
Chipotle reported a total revenue of $11.3 billion, an increase of 14.6% from last year's $9.9 billion.
CEO Scott Boatwright emphasized, 'I want to make sure that as we continue to scale Chipotle, everything we do is in service of our guests.'
Amidst struggles within the industry, Chipotle's expansion stands out, as they plan to continue opening between 315 and 345 new locations in 2025.
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