Will expansion in its number of restaurants drive Chipotle’s growth the next few years? Yes, Trefis estimates a steady growth in the number of restaurants will take Chipotle Mexican Grill’s (NYSE: CMG) revenues to more than $6.6 billion by 2021. The company posted revenues of $4.86 billion and ...
The company has put behind it the E-coli outburst and have been back on an increasing growth in revenues.Trefis expects steady restaurant growth, and a revenue of $6.6 billion in FY 2021.The addition in restaurants had slowed after the E. coli outbreak, but from 2016 they started adding new restaurants at a steady pace and the average number of restaurants increased from 2,250 in 2016 to 2,491 in 2018.
Trefis estimates around 7% growth in the next 3 years as the company under the new CEO looks to increase its presence.The average revenue per restaurant has also increased at a moderate but steady growth and was recorded at nearly $2 million per restaurant in 2018 from $1.8 million per restaurant in 2016.
Trefis estimates the growth will continue as the company has ventured into digital sales along with catering and delivery and the metric is expected to reach $2.2 million per restaurant by the end of 2021.
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