Monday December 22, 2025, 17:53:52
CMG: A Look at How Canada Should Help Future Worldwide Unit Growth
As part of Chipotle Mexican Grill’s announcement that it has opened its 4,000th restaurant, the company commented that “Chipotle will open between 315 to 345 restaurants for the full year 2025, with at least 80% featuring a Chipotlane. For 2026, management is anticipating 350 to 370 new restaurant openings, including 10 to 15 international partner-operated locations.” This implies new company-owned restaurant openings in the 335-360 range planned for 2026. (We note that current sell-side consensus — according to Consensus Metrix — for net company-owned unit openings in 2026E is +349.)