Now, it’s about getting people to understand that they can trust them and that the food their eating is the best quality around when it comes to this fast food industry. I have a few ways that will accomplish the goal of getting more people back and getting more people to buy in to chipotle. For me to do that, I need to break chipotle down to see what they really need to work on. To do this I will use chipotles past years’ income statements and SWOT analysis to understand the company better. The strengths of Chipotle are that it has grown very quickly over the years since it went public. In 2006, the company had roughly 510 restaurants, but this number has nearly quadrupled today. As a result, it has reported positive annual revenue and earnings growth every year since its IPO, with most years showing robust gains. Even after the disastrous end to 2015, due to the aforementioned food safety issues, which decimated fourth-quarter results, the company still managed to post annual revenue and earnings growth of 10% and 7%, respectively. (Dalavagas, 2016) Even though chipotle should be down in the next few months they have done very
Now, it’s about getting people to understand that they can trust them and that the food their eating is the best quality around when it comes to this fast food industry. I have a few ways that will accomplish the goal of getting more people back and getting more people to buy in to chipotle. For me to do that, I need to break chipotle down to see what they really need to work on. To do this I will use chipotles past years’ income statements and SWOT analysis to understand the company better. The strengths of Chipotle are that it has grown very quickly over the years since it went public. In 2006, the company had roughly 510 restaurants, but this number has nearly quadrupled today. As a result, it has reported positive annual revenue and earnings growth every year since its IPO, with most years showing robust gains. Even after the disastrous end to 2015, due to the aforementioned food safety issues, which decimated fourth-quarter results, the company still managed to post annual revenue and earnings growth of 10% and 7%, respectively. (Dalavagas, 2016) Even though chipotle should be down in the next few months they have done very