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CHIPOTLE MEXICAN GRILL, INC.

(CMG)
  Report
Delayed Nyse  -  04:03:12 2023-03-31 pm EDT
1708.29 USD   +2.16%
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03/27Chipotle Mexican Grill Agrees to Settle With Ex-Workers Over Store Closure in Augusta, Maine
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Chipotle Mexican Grill, Inc. : ShopHouse Southeast Asian Kitchen Slated to Open First Los Angeles Area Restaurant

10/19/2012 | 12:10pm EDT

ShopHouse Southeast Asian Kitchen, the Asian-inspired restaurant created by Chipotle Mexican Grill (NYSE: CMG), plans to open its first location in Los Angeles in early 2013. This will be the third ShopHouse location, with the first two restaurants in Washington DC.

"While building Chipotle remains our primary growth strategy, we've seen great interest in ShopHouse in Washington," said Steve Ells, founder, chairman and co-CEO at Chipotle. "People are liking the flavors and textures of Southeast Asian food, and we think Los Angeles will be a great market for us."

ShopHouse follows the same model as Chipotle, including its commitment to serving food made with better ingredients from more sustainable sources, classic cooking techniques, a unique and compelling restaurant design, a service model that allows guests to customize their meal, and an economic model that keeps it affordable and accessible.

Guests can choose from jasmine rice, brown rice, chilled rice noodles, or a salad, then add grilled chicken satay or steak laab, pork and chicken meatballs, or organic tofu, a choice of various fresh vegetables, green or spicy red curry sauce or a tamarind vinaigrette, green papaya slaw or pickled vegetables, and finish with an herb salad and toasted rice, crushed peanuts, or crispy garlic.

While not strictly traditional Southeast Asian fare, ShopHouse is an interpretation of cuisine from the region, and draws on traditional ingredients, flavors and cooking techniques of Thailand, Vietnam, Malaysia, and Singapore.

The first ShopHouse opened in Washington, DC, in September 2011 and a second location in Washington is under construction. The Los Angeles restaurant will be the third ShopHouse location.

About ShopHouse

ShopHouse Southeast Asian Kitchen opened its first restaurant in 2011 in Washington, DC. Developed by Chipotle, ShopHouse draws on the unique flavors, ingredients and cooking methods of Southeast Asia, and takes its name from the mid-rise buildings prevalent throughout Southeast Asian cities where hard-working families live in apartments above the ground floor restaurants or markets that they operate. These shops serve as Asia's version of fast food, with tiny kitchens turning out rice or noodle bowls laced with spicy sauces, marinated meats, and a flurry of herbs and vegetables. For more information, visit ShopHouseKitchen.com.

Chipotle Mexican Grill, Inc.
Danielle Winslow, 303-222-5948
dwinslow@chipotle.com


© Business Wire 2012
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Financials (USD)
Sales 2023 9 798 M - -
Net income 2023 1 162 M - -
Net cash 2023 819 M - -
P/E ratio 2023 40,6x
Yield 2023 -
Capitalization 47 186 M 47 186 M -
EV / Sales 2023 4,73x
EV / Sales 2024 4,18x
Nbr of Employees 104 958
Free-Float 73,8%
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Number of Analysts 34
Last Close Price 1 708,29 $
Average target price 1 815,10 $
Spread / Average Target 6,25%
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Managers and Directors
Brian R. Niccol Chairman & Chief Executive Officer
John R. Hartung Chief Financial & Administration Officer
Curtis Evander Garner Chief Technology Officer
Albert S. Baldocchi Independent Director
Robin S. P. Hickenlooper Independent Director
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