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Is Chipotle about to close its doors? Here’s what the company says

  • Chipotle refuted rumors that began around March 20th regarding bankruptcy and restaurant closures, confirming they are false and that the chain has plans to open new restaurants this year.
  • The rumors stemmed from an inaccurate online article published on Unin Rayo that confused Chipotle with a venture it tested in 2023, and the article has since been corrected.
  • Chipotle plans to open between 315 and 345 new restaurants this year, with at least 80% including a Chipotlane drive-thru.
  • Chipotle's Q4FY2024 earnings call indicated zero debt and over $2 billion in cash reserves, with total revenue for 2024 reaching $11.3 billion, a 14.6% increase compared to 2023.
  • CEO Scott Boatwright stated that Chipotle aims to reach 7,000 restaurants in North America, grow AUVs beyond $4 million, expand margins, and become a global iconic brand, focusing on serving both guests and those who serve the guests.
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Revista Merca2.0 broke the news in on Tuesday, March 25, 2025.
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