More From Stafani Wan
Chipotle revealed that it would spend $10 million on network upgrading for all restaurants to enable future improvements.
So far, it seems Chipotle is capable of fending off Taco Bell. Taco Bell only reported same-store-sales growth of 3.0% in 2013 compared to Chipotle’s 5.6%.
Last week, Chipotle Mexican Grill (CMG), the largest player in the fast-casual restaurant industry, reported its 4Q13 earnings and summarized its performance for the fiscal year.