Will Restaurant Growth Push Chipotle Revenues Through 2021?

by Trefis Team
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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 earnings at $6.35 for the FY 2018.

We have created an interactive dashboard wherein you can edit the drivers to arrive at your own conclusions, What Is Chipotle’s Expected Revenue in 2021? In addition, here is more Consumer Discretionary data.

Total Revenue:

  • The company has put behind it the E-coli outburst and have been back on an increasing growth in revenues.
  • The company has increased its revenue from $4.1 billion in 2016 to $4.9 billion in 2018.
  • Trefis expects steady restaurant growth, and a revenue of $6.6 billion in FY 2021.

Average Number of Restaurants:

  • 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.

Average Revenue per Restaurant:

  • 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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