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Chipotle Mexican Grill, Inc (NYSE:CMG) Q2 2023 Earnings Call Transcript

Operator: Good afternoon, and welcome to the Chipotle Mexican Grill Second Quarter 2023 Results Call. All participants will be in listen-only mode.

Chipotle Lands First Deal to Grow in Middle East

Back in early summer 2021, Chipotle CEO Brian Niccol shared with investors details from a recent two-day virtual conference. Roughly 400–500 field leaders oversee some 90,000 employees, and the group began to think broader. Previously, they talked $2.5 million average-unit volumes and growth beyond 2,700 locations to 6,000-plus stores. Those projections bumped to $3 million, with $3.5 million in the not-so-deep future.

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