Cramer “Me Gusta Chipotle!”

Posted: January 19, 2007 at 7:09 pm

Chipotle’s (CMG) CEO was interviewed on tonight’s MAD MONEY on CNBC.  The CEO said they hope to keep up with growth expectations.  They are fast food that doesn’t act like fast food.  They’ll add 20% to the store count next year, and the CEO said 95 to 105 stores.  That number is for hiring managers and locating real estate.  They are keeping their eyes on higher food costs from avocados and corn, but he said those won’t come into play until March.  They try to use top quality ingredients and they have had good comps.  Cramer said he wants people in Chipotle.

"El Cramero prefiero el Chipotle mas que Taco Bell."  I hope I didn’t butcher that too bad.

Jon C. Ogg
January 19, 2007

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