As food prices have risen, the perceived value of fast-casual chains like Chipotle has improved relative to fast-food chains, where menus have been hit by price increases in recent years.
Chipotle has outpaced many restaurant peers this year, reporting robust sales even as consumers eat out less.
Boatwright, along with Niccol, has helped to improve the efficiency and service times at Chipotle locations, adding separate burrito assembly lines for online orders.
In the third quarter, the company reported growth in both transactions and average checks. That trend has continued into the fourth quarter with accelerating transaction trends.
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