Chipotle Mexican Grill CMG

Chipotle Mexican Grill, Inc. (Chipotle), incorporated on January 30, 1998, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company's Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions. As of December 31, 2016, the Company operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants, and it also had 23 restaurants in operation in other non-Chipotle concepts. As of December 31, 2016, 29 of its restaurants were located outside of the United States, with 17 in Canada, six in the United Kingdom, five in France and one in Frankfurt, Germany. The Company sells gift cards, which do not have an expiration date.

The Company categorizes its restaurants as end-caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free-standing or other. Of its restaurants in operation as of December 31, 2016, the Company had 1,396 end-cap locations, 370 free-standing units, 346 in-line locations and 138 other locations. The Company's restaurants consist of outdoor patio space feature. Its online ordering system allows guests to place orders online or through its mobile application.

The Company's restaurants offer a range of extras, such as salsas, guacamole, cheese and lettuce. Its restaurant uses ingredients, which include chicken, steak and chorizo that are grilled in its restaurants, carnitas (seasoned and braised pork), barbacoa (spicy shredded beef), Sofritas (organic braised tofu), and vegetarian pinto and black beans. The Company's restaurants offer a selection of beer and margaritas.