CMG
✅ Comparable sales grew by over 7% in 2024, and 52% since 2019.
📈 Traffic increased by 5% due to marketing and better service.
🚀 North America expects 8-10% more store openings annually.
🌍 International expansion in Europe and the Middle East is a key growth area.
@adriarivero:
“Ackman mentions that Chipotle has provided many successes, noting that comparable sales grew by over 7% in 2024, and 52% since 2019. Traffic increased by 5% due to marketing and better service. Restaurant margins increased by 0.5%, and the brand continues to attract customers and maintain solid growth. The most important aspect of Chipotle’s thesis is its growth potential, with expectations of opening 8-10% more stores annually in North America. International expansion in Europe and the Middle East is also a key area. Additionally, there is automation and new technologies to improve efficiency, and they are testing new hours to explore breakfast as a growth opportunity. The management team has also changed, with Scott Boatwright assuming the role of COO after Brian Niccol left for Starbucks.”
Watch the exact part of the video where Adrià Rivero talks about Chipotle here:
Watch the video on YouTube.
Read more articles by the world’s top 100 analysts on Chipotle (CMG) at the following link. CMG stock.
