Chipotle's Strong Earnings and Expansion Plans Signal Continued Growth

Chipotle CEO Brian Niccol announced plans to double the number of locations to 7,000, following a strong earnings report with $2.52 billion in revenue and a 7.4% increase in foot traffic. Niccol attributed the success to the company's focus on quality food and efficient service, despite facing inflationary pressures. He emphasized that customers perceive Chipotle as offering great value, which has contributed to the company's positive performance in a challenging business environment.