Here’s what the company says
Chipotle has denied rumors of bankruptcy, planning to open hundreds of new restaurants this year.
A Chipotle spokesperson confirmed to The Inquirer on Wednesday that the restaurant chain has no plans to close locations, despite reports circulating online.
The false information stemmed from an inaccurate online article confusing Chipotle with a venture it tested in 2023. The story has since been corrected,” said a Chipotle spokesperson. “We anticipate opening between 315 to 345 new restaurants this year, with at least 80% including a Chipotlane.
“Chipotle had another stellar year in 2024, delivering strong transaction-based comps each quarter, expanding margins, adding more than 300 new restaurants, gaining momentum in key industry-leading brand metrics, making progress on many restaurant operating initiatives and building our footprint internationally,” Chipotle CEO Scott Boatwright said in a news release.
I want to make sure that as we continue to scale Chipotle, everything we do is in service to our guests or the people who serve our guests which will enable us to achieve our long-term ambitious goals of reaching 7,000 restaurants in North America.
In early March, Chipotle launched Chipotle Honey Chicken at its restaurants across North America and Europe. The company said Chipotle Honey Chicken was the restaurant’s best-selling limited-time offering in a market-wide test after debuting in Nashville and Sacramento in 2024.
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