Natural selection: Chipotle Mexican Grill CEO Steve Ells believes that improving ingredients, not changing the menu, will sustain the chain.(Interview)(Biography)

From: Chain Leader | Date: July 1, 2006| Author: Farkas, David | Copyright information

With comparable-store sales growing by double digits, shares trading hands at $60 apiece and a market cap of nearly $2 billion, 505-unit Chipotle Mexican Grill looks like the real deal: a proven concept with plenty of staying power.

The 13-year-old company's track record helped double the stock price on its opening day in January, making it the second biggest gain in restaurant history (ill-fated Boston Market holds the record). The Denver-based company is using part of ...