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Chipotle Expands Apprentice Program to Support 7,000-Restaurant Goal
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Key Takeaways
Chipotle aims to place an Apprentice in every company-owned restaurant by the end of 2027.
Apprentices support peak periods, training and digital execution while boosting operational scores.
Chipotle opened 100 company-owned restaurants in Q2 2026 as it scales toward at least 7,000 locations.
Chipotle Mexican Grill, Inc. (CMG - Free Report) is strengthening its restaurant leadership pipeline as it works toward its long-term goal of operating 7,000 restaurants across the United States and Canada. With more than 4,200 restaurants as of June 30, 2026, the company expects to open 350-370 new restaurants in 2026 and aims to place an Apprentice in each company-owned restaurant by the end of 2027. Apprentices currently support roughly three-quarters of Chipotle’s restaurants.
The expanded Apprentice program is strategically important as Chipotle scales its footprint. Apprentices provide additional leadership during peak periods, develop Crew Members for future management roles and help General Managers distribute responsibilities more effectively. They also support training and digital execution, while restaurants with Apprentices generally achieve better operational scores. More than 85% of Chipotle’s restaurant managers began their careers as Crew Members, highlighting the company’s emphasis on developing leaders internally.
Chipotle is further strengthening its talent pipeline through its Cultivate Education program with Guild. Nearly 25,000 employees have enrolled over the past decade, while participants experience substantially lower turnover and are promoted more frequently than non-participants. The initiative complements the Apprentice program by helping build the management bench needed to support continued restaurant expansion.
Chipotle’s Expansion Strategy Gains Scale
Chipotle continues to support unit growth through investments in operations, technology and talent. In the second quarter of 2026, it opened 100 company-owned restaurants, while new restaurant productivity remained around 80% and year-two cash-on-cash returns were approximately 60%. These economics reinforce management’s confidence in the long-term opportunity to operate at least 7,000 restaurants across North America.
Chipotle is also reinforcing restaurant execution through enhanced training and more strategic deployment of General Managers and Apprentices during busy dayparts. These efforts have contributed to higher guest-satisfaction scores, improved digital on-time performance and fewer refunds, while General Manager turnover remains at a multiyear low.
Shares of CMG have gained 9.3% in the past three months, outperforming the Zacks Retail - Restaurants industry’s 7.2% decline. The company’s second-quarter results benefited from positive transaction growth, menu innovation, the revamped Rewards program and targeted restaurant investments. However, inflation, higher marketing expenses, wage pressure and continued investments in the guest experience weighed on restaurant-level margins.
Image Source: Zacks Investment Research
CMG’s Zacks Rank & Key Picks
Chipotle currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Retail-Wholesale sector have been discussed below.
Cracker Barrel Old Country Store, Inc. (CBRL - Free Report) currently sports a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 128.6%, on average. CBRL stock has surged 77.8% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Cracker Barrel's 2026 sales and EPS indicates a year-over-year decline of 5.3% and 97.8%, respectively, from the prior-year levels.
Five Below, Inc. (FIVE - Free Report) currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 68.3%, on average. FIVE stock has gained 25.4% year to date.
The Zacks Consensus Estimate for Five Below’s fiscal 2027 sales and EPS indicates growth of 19.4% and 55.6%, respectively, from the year-ago period’s levels.
FIGS, Inc. (FIGS - Free Report) has a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 201.8%, on average. FIGS stock has risen 16.9% year to date.
The Zacks Consensus Estimate for FIGS’ 2026 sales and EPS indicates growth of 19.7% and 89.5%, respectively, from the prior-year levels.
View the Zacks #1 Rank List
Image: Bigstock
Chipotle Expands Apprentice Program to Support 7,000-Restaurant Goal
Key Takeaways
Chipotle Mexican Grill, Inc. (CMG - Free Report) is strengthening its restaurant leadership pipeline as it works toward its long-term goal of operating 7,000 restaurants across the United States and Canada. With more than 4,200 restaurants as of June 30, 2026, the company expects to open 350-370 new restaurants in 2026 and aims to place an Apprentice in each company-owned restaurant by the end of 2027. Apprentices currently support roughly three-quarters of Chipotle’s restaurants.
The expanded Apprentice program is strategically important as Chipotle scales its footprint. Apprentices provide additional leadership during peak periods, develop Crew Members for future management roles and help General Managers distribute responsibilities more effectively. They also support training and digital execution, while restaurants with Apprentices generally achieve better operational scores. More than 85% of Chipotle’s restaurant managers began their careers as Crew Members, highlighting the company’s emphasis on developing leaders internally.
Chipotle is further strengthening its talent pipeline through its Cultivate Education program with Guild. Nearly 25,000 employees have enrolled over the past decade, while participants experience substantially lower turnover and are promoted more frequently than non-participants. The initiative complements the Apprentice program by helping build the management bench needed to support continued restaurant expansion.
Chipotle’s Expansion Strategy Gains Scale
Chipotle continues to support unit growth through investments in operations, technology and talent. In the second quarter of 2026, it opened 100 company-owned restaurants, while new restaurant productivity remained around 80% and year-two cash-on-cash returns were approximately 60%. These economics reinforce management’s confidence in the long-term opportunity to operate at least 7,000 restaurants across North America.
Chipotle is also reinforcing restaurant execution through enhanced training and more strategic deployment of General Managers and Apprentices during busy dayparts. These efforts have contributed to higher guest-satisfaction scores, improved digital on-time performance and fewer refunds, while General Manager turnover remains at a multiyear low.
Shares of CMG have gained 9.3% in the past three months, outperforming the Zacks Retail - Restaurants industry’s 7.2% decline. The company’s second-quarter results benefited from positive transaction growth, menu innovation, the revamped Rewards program and targeted restaurant investments. However, inflation, higher marketing expenses, wage pressure and continued investments in the guest experience weighed on restaurant-level margins.
Image Source: Zacks Investment Research
CMG’s Zacks Rank & Key Picks
Chipotle currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Retail-Wholesale sector have been discussed below.
Cracker Barrel Old Country Store, Inc. (CBRL - Free Report) currently sports a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 128.6%, on average. CBRL stock has surged 77.8% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Cracker Barrel's 2026 sales and EPS indicates a year-over-year decline of 5.3% and 97.8%, respectively, from the prior-year levels.
Five Below, Inc. (FIVE - Free Report) currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 68.3%, on average. FIVE stock has gained 25.4% year to date.
The Zacks Consensus Estimate for Five Below’s fiscal 2027 sales and EPS indicates growth of 19.4% and 55.6%, respectively, from the year-ago period’s levels.
FIGS, Inc. (FIGS - Free Report) has a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 201.8%, on average. FIGS stock has risen 16.9% year to date.
The Zacks Consensus Estimate for FIGS’ 2026 sales and EPS indicates growth of 19.7% and 89.5%, respectively, from the prior-year levels.