Chipotle Mexican Grill Inc. (NYS:CMG) said Friday that it will open its first Chipotlane in British Columbia on Monday. Chipotlanes are the fast-casual chain's drive-through pickup lanes for digital orders. Chipotle, which is focused on its digital business, has 280 Chipotlanes in the U.S. There are currently 25 Chipotle restaurants in Canada. Chipotle reported earnings that beat expectations on Thursday. Chipotle stock has gained 33% for the year to date while the S&P 500 index (S&P:SPX) is up 21.1% for the period.
Oct. 22, 2021, 8:59 a.m. EDT