January 5, 2018
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Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach said revenue increased nearly 9% to $1.2 billion and adjusted net income was 60% higher to about $60 million in its most recent quarter.
RESTAURANTS: Site prepped for 125 staffers at start
Chipotle Mexican Grill Inc. is poised to become Newport Beach’s most valuable public company immediately following its move here from Denver this year.
Leads largest OC-based restaurant chain … $9.5B revenue, nine times size of next firm … 7,500+ systemwide sites, 1% in OC, most locations in U.S.; launched aggressive foreign markets push … 2,600 local workers, 200K in system… role model: father … as kid, wanted to be pro athlete … book: Neil deGrasse Tyson’s ‘Astrophysics for People in a Hurry’