Chipotle seeks existing spaces to continue expansion

07/24/2009 |

By moving its restaurants into existing spaces instead of building new ones, Chipotle Mexican Grill aims to keep up with its goal of opening 120 to 130 restaurants by 2010. "A couple of years ago, 60% of our openings were in new development spaces. Now, that likely will fall below 50%," CFO Jack Hartung said.

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