Looking ahead, we believe Chipotle is in the early stages of a decades-long growth story. Management remains committed to expanding its North American restaurant footprint at a rate of 8% to 10% annually, with a goal of reaching at least 7,000 locations. Chipotle is also accelerating international growth by scaling its company-owned restaurant business in Europe and launching a franchise strategy in the Middle East while exploring partnerships in additional geographies. Beyond expanding its restaurant footprint, Chipotle has numerous growth opportunities within existing locations including menu innovation, loyalty program enhancements, and the long-term potential to introduce additional dayparts such as breakfast and integrate automation technology to streamline operations.
Pershing Square 2024 Annual Report
Jude Christensen 
Leave a comment