Chipotle Denies Rumors of Bankruptcy and Restaurant Closures

Chipotle is dispelling rumors of bankruptcy and store closures, confirming plans to open 345 new locations in 2025. The false claims originated from an inaccurate article linking the brand to a failed venture in 2023. Chipotle ended 2024 with no debt and over $2 billion in cash reserves, reporting a 14% increase in revenue from the previous year. The popular fast-casual chain is expanding, with its drive-thru "Chipotlane" included in at least 80% of new locations.

REUTERS/Andrew Kelly

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