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4w ago

Chipotle Debunks Bankruptcy Rumors, Confirms Financial Stability and Expansion Plans

False claims about Chipotle's closure, fueled by a mischaracterized article on a spinoff's shutdown, have been refuted as the company highlights its strong growth and upcoming restaurant openings.

This week, X users have created impassioned posts regarding Chipotle's potential closure.
This week, X users have created impassioned posts regarding Chipotle's potential closure.
Image
Woman walking in front of a Chipotle location.

Overview

  • Chipotle has confirmed that rumors of its closure or bankruptcy are false, emphasizing its financial health and growth trajectory.
  • The misinformation originated from a March 20 article about the closure of Farmesa Fresh Eatery, a Chipotle spinoff, which misused Chipotle's logo and a misleading headline.
  • Unión Rayo, the source of the confusion, has since updated the article and apologized for the misleading information.
  • Chipotle reported a 14.6% revenue increase in 2024, zero debt, and over $2 billion in cash reserves, underscoring its stability.
  • The company plans to open 315 to 345 new locations in 2025, with a focus on drive-thru-equipped restaurants.