CHIPOTLE MEXICAN GRILL INC

Chipotle Mexican Grill, Inc. owns and operates Chipotle Mexican Grill restaurants, which offer burritos, burrito bowls, quesadillas, tacos, and salads. The company focuses on serving responsibly sourced, classically cooked, real food with wholesome ingredients, free from artificial colors, flavors, or preservatives. Chipotle's first restaurant opened in Denver, Colorado in 1993. As of December 31, 2025, Chipotle owned 3,938 restaurants across the United States and 104 international Chipotle restaurants. Additionally, there were 14 international partner-operated restaurants, which are not controlled or directly managed by Chipotle. The company manages its U.S. operations across 11 regions and reports its operations as one segment. Revenue is generated from sales at its restaurants. Chipotle's business strategy, "Recipe for Growth," aims to accelerate growth and enhance competitiveness.