Chipotle Mexican Grill ( Cmg )

1423 Words Mar 28th, 2016 6 Pages
Chipotle Mexican Grill (CMG) was founded in Denver, Colorado in 1993. It began when American’s were visiting fast food chains on a much more regular basis than in years past. Places like McDonald’s, Burger King, and Taco Bell initially seemed to be competition for Chipotle. However, a recent shift towards healthy eating, organic produce, and grass-fed meats has shifted the favor towards Chipotle. At the end of 2015, Chipotle Mexican Grill owned and operated 1,971 locations in the United States alone. CMG also owns and operates thirteen ShopHouse Southeast Asia chains along with being an investor in three Pizzeria Locale restaurants. Steve Ells and Montgomery Moran are the CEO’s of Chipotle, and together make over $2 million from the company. The executive team is rounded out with five other executive officers who make up the development, finance, marketing, and director positions. Chipotle has approximately 5,100 employees, and together the company brought in around $475,602,000 in net income as of the end of 2015. In January of 2016, Chipotle reported that their number of shareholders had reached 1,030. The shares are traded on the New York Stock Exchange, and currently the company does not give any dividends to its shareholders. Between September of 2015 and March of 2016, Chipotle faced public scrutiny and in relation to that its stock continually fluctuated. Certain key events led to Chipotle’s stock reaching high points, however other events and press releases led…

More about Chipotle Mexican Grill ( Cmg )

Open Document