Chipotle Mexican Grill, Inc. (CMG) owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and the rest of Europe.
Despite the present inflationary pressures and tightening consumer discretionary spending, CMG has remained resilient. The company delivered robust growth in its second quarter. CMG’s strong brand reputation helped it deal with rising input costs. Its comparable restaurant sales grew 10% year over year in the quarter.
