Recent rumors suggesting that Chipotle Mexican Grill is filing for bankruptcy or closing locations are unfounded. These speculations appear to have originated from a misinterpretation of the company’s decision to discontinue its Farmesa Fresh Eatery concept. Farmesa, a spinoff launched in 2023, was tested in Santa Monica, California, but was eventually closed due to strategic refocusing on Chipotle’s core brand.
Financially, Chipotle reported a 14.6% year-on-year revenue increase for fiscal year 2024, with revenues reaching $2.8 billion. The company also announced plans to open between 315 and 345 new restaurants in 2025, with at least 80% featuring the “Chipotlane” drive-thru option.
Additionally, Chipotle’s media relations team confirmed that the bankruptcy rumors are false, stating that the company has zero debt and over $2 billion in cash reserves.
In summary, Chipotle is neither closing locations nor filing for bankruptcy. The company continues to focus on expanding its core business and strengthening its market position.