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.

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.

San Antonio Express-News