Chipotle's secret to growth: How it invests in workers

Published On Oct 25, 2024, 3:36 PM

Chipotle Mexican Grill is achieving growth by investing in its employees, exemplified by the career success of the Armendariz sisters who have progressed from crew members to regional vice presidents within the company. This focus on employee development helps retain talent in an industry that faces high turnover, with Chipotle offering benefits such as tuition reimbursement, stock options, and bonuses. The company's strategic investment in its workforce correlates with its rising revenues, which are expected to reach $11.3 billion by the end of 2024, following a growth from $4.9 billion in 2019 to $9.9 billion in 2023. Chipotle plans to continue expanding, adding 285 to 315 new locations, and has seen its stock rise significantly over the past five years, outperforming the S&P 500.