Will Chipotle ever go out of business?

Sales increase of 7.8% in Q1

Overall, the system-wide sales of the burrito and taco concept increased in the first quarter of the fiscal year as converted $ 1.4 billion. The increases were responsible for this Sales on existing space of 3.3 percentthat especially on one increased average receiptto be led back. This was on average 4.9 percent higher.

Same store sales

Sales on existing areas, also known as Same Store Sales, Comparable Sales or Like-for-like Sales, are considered by experts to be the "hard currency" of the industry. Changes in the system turnover from all locations that are open for at least 13 months are considered here. The reference value is the same period of the previous year.

Round 26.3 percentof total sales were accounted for by the company digital business. Year-on-year, digital sales even rose by a strong 80.8 percent to $ 371.8 million. As part of the corona pandemic, Chipotle offered its guests free delivery of orders from March 15 and is also cooperating with the delivery provider About Eats.

The brand opened in the first quarter of 202019 new restaurants,two had to close against it. This brings the total to 2,638 restaurants.

About Chipotle

The quick service brand Chipotle was founded in 1993 by Steve Ells in the US state of Colorado. There are currently over 2,600 restaurants in the US, Canada, UK, France and Germany. According to the Technomic Top 500 Chain Report, the company had sales of $ 4.8 billion in fiscal year 2018.

Regarding theFood safety violation charges In several cases between 2015 and 2018, Chipotle announced that it had reached an agreement with the US Department of Justice. The company is committed to one Fine of $ 25 million to be paid - in three separate payments of each $ 5 million. According to the Justice Department, this is the largest fine ever imposed in a food safety case.