Newport Beach, California. – Expect an increase in the number of drive-thru lanes called Chipotrane and innovation in the kitchen area at this year’s Chipotle Mexican Grill. Executives will also continue to update any potential tariffs and continue to procure from several countries.
Chipotle on February 4th gave financial results for the fiscal year ended December 31st, 2024. Sales at comparable restaurants increased by 7.4%. Net income of $1.53 billion, equivalent to $1.12 per share of common stock, was $1.23 billion, up 14% from 89¢ per share, with revenues ranging from $9.87 billion to 113.1 billion. It increased to dollars.
In February, Global News focuses on tariff wars between the US, Mexico, Canada and China.
“We raise about 2% of our sales from Mexico, including avocados, tomatoes, limes and peppers, and less than 0.5% of our sales from Canada and China,” said Adam Reimer, Chipolet’s Chief Financial Officer. 4 revenue calls. “If the recently announced tariffs are fully effective, there will be a continuing impact of approximately 60 basis points on sales costs.”
Chief Executive Scott Boatwright said Chipotle is also sourced from Colombia, Peru and the Dominican Republic. About 50% of the restaurant chain avocados come from Mexico, he said.
“So our supply chain team has done an incredible job over the last few years, diversifying our vendors and moving countries of origin properly,” he said.
In 2024, Chipotle opened 304 company-owned restaurants. This includes 257, including 257 with chipotrane, bringing the total number of restaurants in Chipotle to 1,068 with chipotrane. Chipotle had a total of 3,276 restaurants by the end of 2024. In 2025, Chipotle plans to open 315-345 new company-owned restaurants, with over 80% having chipotrane.
“On average, Chipotrane takes less than 30 seconds to complete the order pickup process,” Boat Wright said. “The additional convenience was progressive as Chipotlanes continue to generate better revenue, margins and returns than non-chipotlanes open at the same time. Chipotlanes also has a larger pickup mix, primarily low. It’s offset by the distribution mix, so you can see it in the business mix too.”
Tariffs involving Mexico could affect the amount Chipotle Mexican grill pays for avocados.
| Photo: ©pixel-shot – stock.adobe.comTo improve the preparation process for the kitchen area, Chipotle is deploying produce slicers in its restaurants.
“Freshly carved produce in restaurants every day is key to maintaining our high culinary standards, but it is also one of the most time-consuming jobs,” Boatwright said. “The slicer improves the experience of team members by ensuring consistent cut sizes, reducing the time it takes to chop production and improving cooking.”
Other preparation innovations include dual-side planchers (trades in the oven), rice cookers and dual backfryers.
“As a reminder, the double sided plancha cooks chicken and steaks with less than half of the same sheer and char and better consistency and juicy traditional plancha,” Boat Light said. . “The new rice cooker eliminates large rice pots and cooks rice in the bread you see on the line. This produces more consistent quality and streamlines the rice cooking process. With better quality, It saves time while ensuring that the data is available.
“Based on the initial results, we have decided to roll out all four equipment to the opening of our new restaurant from the second half of this year. As we gain more data and insights on this initiative, we will roll out whether or not we will roll out more broadly. Determine whether to deploy as such. To existing restaurants.”
In Chipotle’s fourth quarter, net income was $332 million, or 24 cents per share, up 12% from $282 million, or 21 cents per share. Revenues rose 13% from $2.52 billion to $2.85 billion.
For fiscal year 2025, Chipotle expects comparable restaurant sales to grow at low to mid-digit rates throughout the year.
“Comp has been volatile so far in 2025, and has had a greater impact on sales than what we experienced last year,” Reimer said. “I believe the underlying trading trend is healthy and there is a strong plan for the year, but as we compare it to the gradually tough comp in the first half of the year, we have a low to medium digits. We provide guidance to help you understand this. All year round.”
