Chipotle testing new restaurant designs at four locations – MarketWatch

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Chipotle Mexican Grill Inc.

CMG, +0.60%

said Thursday that it is testing a new store design that better suits the company’s billion-dollar digital business. The new restaurants are located in Chicago, Cincinnati and Phoenix. Two trial locations are in Phoenix. The test restaurants include drive-up Chipotlanes for speedy pickup of delivery orders, and an urban storefront. Chipotle says it will analyze the performance of the locations before rolling out any changes nationally. Chipotle says it will hang on to the open-kitchen plan currently in its restaurants. Chipotle stock has nearly doubled in the past year, up 93.6% for the past 12 months, while the S&P 500 index

SPX, +0.20%

is up 21.1% for the period.

Source: Thanks https://www.marketwatch.com/story/chipotle-testing-a-new-restaurant-design-at-four-locations-2019-12-19