Chipotle Mexican Grill, Inc. , is a chain of restaurants in the United States, United Kingdom, and Canada, specializing in burritos and tacos. The name derives from chipotle, the Mexican Spanish name for a smoked, dried jalapeño chili pepper. The restaurant is known for its large burritos, assembly-line production, and use of “natural” ingredients. The company has released a mission statement called Food with Integrity, which highlights its efforts in using organic ingredients, and serves more naturally raised meat than any other restaurant. Chipotle is one of the first... chains of fast casual dining establishments. Founded by Steve Ells in 1993, Chipotle had 16 restaurants when McDonald's Corporation became a major investor in 1998. By the time McDonald's fully divested itself from Chipotle in 2006, the chain had grown to over 500 locations. The company currently has more than 1200 locations, with restaurants in 41 states, Washington, D.C., Toronto, Ontario, and London, England. Its net income in 2011 was US$215 million, and it has a staff of 30,940 employees.
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| NYSE symbol: | CMG |
| Founded: | 1993 |
| Founders: | Steve Ells |
| Headquarters: | Denver, Colorado |
| Legal structure: | Public company |
| Annual revenue: | $1,331,970,000 |
| Net income: | $78,200,000 |
| Operating income: | $124,040,000 |
| Market cap: | $4,900,000,000 |
| Industries: | Restaurant |