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.
Chipotle Denies Rumors of Bankruptcy and Restaurant Closures
REUTERS/Andrew Kelly
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