Is Chipotle Closing? Here’s the Truth Behind the Rumors
Hey everyone, let’s talk about something that’s been making the rounds online—rumors that Chipotle is closing its doors for good. If you’ve come across these headlines, you might be wondering, “Wait, is Chipotle really shutting down?” Well, let’s clear things up right now.
Chipotle Mexican Grill has officially denied any claims about bankruptcy or widespread closures. In fact, the company is not just staying in business—it’s thriving! According to a Chipotle spokesperson, these rumors started from an inaccurate online report that confused Chipotle with a test venture from 2023. The story has since been corrected, but as we all know, once something goes viral, it’s hard to stop the spread of misinformation.
So, what’s really happening? Instead of closing locations, Chipotle is actually expanding—big time. The company plans to open between 315 to 345 new restaurants this year, with at least 80% featuring a Chipotlane, the drive-thru service that has been gaining popularity. That’s right, rather than downsizing, Chipotle is growing stronger and reaching more customers than ever.
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If you need more proof, just take a look at their financials. Chipotle’s Q4FY2024 earnings report showed the company has zero debt and over $2 billion in cash reserves. Their total revenue for 2024 hit $11.3 billion, marking a 14.6% increase from the previous year. Those are not the numbers of a company struggling to stay afloat.
Chipotle’s CEO, Scott Boatwright, also shared some exciting insights. He emphasized that 2024 was another fantastic year for the brand, with consistent growth, new restaurant openings, and a push toward becoming a globally recognized name. His long-term vision? Expanding to 7,000 restaurants in North America, pushing average unit volumes beyond $4 million, and increasing profit margins.
And let’s not forget the food! Earlier this month, Chipotle introduced its newest menu item—Chipotle Honey Chicken. This new protein option was tested in select markets in 2024 and was a hit, making it the brand’s best-selling limited-time offer ever. It’s now available in Chipotle locations across North America and Europe.
So, if you love your burritos and bowls, don’t worry—Chipotle is here to stay. The next time you see a headline about the company closing, you’ll know the truth: it’s just a rumor. In reality, Chipotle is stronger than ever, continuing to expand and serve up fresh, delicious food to its loyal customers.
Now, who’s in the mood for some Chipotle?
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