TRI / Tenant Scores / Chipotle
83
Health Score
Strong
Updated March 18, 2026
High confidence · Multiple public sources
Based on public data sources. Private data available in detailed reports.
Based on public data sources. Private data layer available in detailed reports.
Fast Casual
Scored as: Food & Beverage

Chipotle

Chipotle is a publicly traded fast-casual restaurant chain founded in 1993 with headquarters in Denver. The company operates 3,437 corporate-owned locations as of Q3 2024 with plans to expand to 7,000+ locations long-term.

Chipotle shows strong expansion momentum with Q3 2024 revenue of $2.27 billion up 13% year-over-year and 86 new locations opened in the quarter. The company is actively hiring for 1,200+ positions and added 5,000+ employees in 2024 to support growth. Customer sentiment remains mixed with Google ratings at 4.1/5 but Yelp at 3.5/5 due to complaints about portion sizes and pricing.
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Category Scores
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Category Scores

What the signals show.

Each category is scored 0 to 100 based on public data signals. Weights adjust by tenant type. Scores update monthly.

Business Health
Entity status, filings, financial signals, press
95
Employment & Operations
Job postings, store status, website activity
85
Customer Sentiment
Reviews, ratings, response rate
60
Legal & Compliance
UCC liens, court records, BBB, regulatory
85
Local Market
Demographics, competition, local conditions
N/A
Industry & Sector
Sector health, competitive risk, labor costs
85
How Chipotle compares to Fast Casual tenants nationally
This tenant
83
Category average
80
About This Rating

What this score means.

Food & beverage tenants face high operational complexity with labor costs, customer satisfaction, and regulatory compliance directly impacting lease performance. Business health, employment stability, and customer sentiment are the most predictive signals for rent payment reliability and lease renewal probability.

This score of 83 is above the food & beverage category average of 80, reflecting strong financial performance and expansion plans despite moderate customer sentiment challenges.

Signal Detail

What we found.

Signal detail is available to free account holders. Enter your email below to view all detected signals for Chipotle.

Business Health 3 signals detected
↑ Q3 2024 revenue $2.27 billion up 13% year-over-year per SEC 10-Q filing
→ 3,437 locations as of Q3 2024 with target of 7,000+ locations long-term per earnings calls
↑ Opened 86 new locations in Q3 2024 under corporate-owned model
Employment & Operations 3 signals detected
↑ Currently hiring for 1,200+ positions on company careers page including crew and managers
↑ Added 5,000+ employees in 2024 to support new store openings per earnings calls
→ Increased wages to $15+ average hourly in 2023 with quarterly bonuses for crew
Customer Sentiment 3 signals detected
→ Google Reviews average 4.1/5 stars across locations with 2M+ total reviews
⚠ Yelp average 3.5/5 stars with common complaints about portion sizes and wait times
→ Company response rate to negative reviews approximately 15-20% based on sample locations
Legal & Compliance 3 signals detected
⚠ BBB rating A- with 847 complaints in past 12 months primarily food quality and service
→ Ongoing wage and hour class action litigation in multiple states per PACER records
→ FDA inspection violations at some locations in 2024 related to food safety protocols
Local Market N/A
Not applicable for this tenant type
Industry & Sector 3 signals detected
↑ Fast-casual segment outperforming QSR with 6-8% growth vs 2-3% for traditional fast food
→ Labor costs pressuring margins industry-wide with $15+ minimum wages in key markets
→ Digital ordering and delivery now 40%+ of sales reducing traditional real estate dependence
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Recommendation

What to do next.

Initiate contact within 30 days. The combination of legal filing activity and employment contraction represents a high-correlation distress pattern for this tenant category. We recommend a direct conversation before the renewal window opens. Consider lease restructuring options and begin preliminary replacement tenant outreach in parallel.

A detailed report includes the full recommendation, source citations, and a step-by-step action plan.

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