William Blair research analyst Sharon Zackfia was quoted in Restaurant Dive’s coverage of Chipotle’s plan to increase average store sales volume from $3 million per store in 2023 to more than $4 million per store in the future.
“A plausible scenario now exists for Chipotle to nearly triple its annual revenue and more than triple its operating profit to $28 billion and over $5.5 billion, respectively, over the next decade as the company reaches 7,000 locations,” Zackfia wrote in the note to investors that was cited by the publication.