Chipotle Mexican Grill has delivered revenue growth in FY25, thanks to an expanding restaurant network, even as sales at existing locations continued to soften.

Total revenue for the year increased 5.4 per cent to $11.9 billion, reflecting the continued expansion of the fast-casual chain’s footprint. However, comparable restaurant sales fell 1.7 per cent, pointing to softer customer demand across established stores.

During the year, Chipotle opened 334 company-owned restaurants, with 257 locations featuring a Chipotlane drive-thru, underscoring its push towards convenience-led formats. 

The group also expanded its international presence, opening 11 partner-operated restaurants outside the US.

“Through our proven business model, prudent investments in operational excellence and the support of a strong balance sheet, 2025 was a year of progress and resilience for Chipotle,” said Scott Boatwright, CEO of Chipotle.

“Against a dynamic consumer backdrop, we opened a record number of restaurants globally and grew Q4 and full-year revenue. This momentum will fuel our next phase of growth, driven by our ‘Recipe for Growth’ strategy, which leans into what uniquely differentiates our brand to accelerate transactions and expand our footprint globally.”

The ‘Recipe for Growth’ strategy accelerates long-term growth by strengthening the core business, evolving brand and menu innovation, and modernising operations through technology, including AI and a relaunched Rewards Program.

The company plans to open 350 to 370 new restaurants in the year ahead, including 10 to 15 international partner-operated locations, with around 80 per cent of new company-owned stores expected to include a Chipotlane.