Chipotle Mexican Grill Prepares for Busy Period

Chipotle Mexican Grill is planning to hire an additional 20,000 employees for the upcoming “burrito season.” This represents a 5% increase from the 19,000 new employees hired last year.

The company’s demand for premium burritos and bowls remains consistent, despite a decline in fast food spending due to inflation and stagnant wages.

Investor Update

Billionaire investor Bill Ackman is reducing his stake in Chipotle Mexican Grill by selling 40% of his fund’s shares. This move is part of a broader investment strategy, as Ackman is increasing his investment in another consumer brand.

Key Statistics

• 20,000 additional employees to be hired for “burrito season”
• 5% increase in new hires compared to last year
• Demand for premium burritos and bowls remains consistent