Chipotle will open a new location almost every 24 hours this year, CEO says

Fortune

Chipotle CEO Scott Boatwright tells #FortuneCOOSummit that the chain is on track to open a new restaurant almost every 24 hours this year, thanks to hiring help from AI.

Transcript

00:00But we're growing at such an exponential rate.

00:02We will open a new Chipotle restaurant this year almost every 24 hours.

00:08And you think about the growth that's ahead of us and the need for highly capable, purpose-driven, value-oriented individuals

00:16is more critical today than it probably ever has been for our brand.

00:21And so Ava has reduced the time to hire by about 75%, which allows us to get quicker access to better talent.

00:31And anyone that's in my restaurant space today knows that when a high-quality caliber individual walks into a restaurant,

00:37they are looking for an opportunity.

00:39And they will go to work for whichever brand gives them that opportunity.

00:43And oftentimes, because of a protracted hiring process, we lose those individuals.

00:48This not only helps us keep our restaurant staffed, but ensures we have the best talent that's available in the industry.

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