Chipotle Denies Bankruptcy Rumors Amid Expansion Plans

NEW YORK — Chipotle Mexican Grill is dismissing recent rumors that it is closing its restaurants or filing for bankruptcy following widespread misinformation circulated online. On March 22, 2025, a spokesperson for Chipotle clarified that the fast-casual chain remains committed to expansion, countering claims arising from a misleading article published by a media aggregation site in Madrid.

The false information emerged from a one-sentence piece by Unión Rayo, which inaccurately linked Chipotle to the closure of Farmesa Fresh, a spinoff concept that the company launched but discontinued. ‘The closure of Farmesa was part of our decision to refocus on our core operations,’ the spokesperson stated.

Amidst the confusion, social media platforms became flooded with claims of Chipotle’s impending bankruptcy. Users on X, formerly Twitter, expressed shock and concern, with one tweet claiming, ‘Chipotle is closing all restaurants & is declaring bankruptcy,’ echoing sentiments from others.

Despite the rumors, Chipotle is experiencing growth. As of March 2025, it operates over 3,700 restaurants across the United States and is on track to open between 315 and 345 new locations this year. At least 80% of these new establishments will feature the ‘Chipotlane,’ a popular drive-thru digital order pick-up service.

In fiscal year 2024, Chipotle reported revenue of $2.8 billion, reflecting a 14.6% increase compared to the previous year. The company’s fifth-quarter results and solid cash reserves—over $2 billion with zero debt—underscore its financial stability. A representative commented, ‘Chipotle’s Q4FY2024 earnings call reinforced our strong fiscal health and growth intentions.’

During 2024, the chain closed only five locations while opening 304 company-owned restaurants. The consolidation of operations due to the closure of Farmesa Fresh positions Chipotle to focus on its primary brand offerings.

In a statement addressing the rumor, Chipotle emphasized, ‘The false information arose from a misinformed article that confused our business operations. We remain focused on growth and operational efficiency.’

As Chipotle prepares for a busy summer season, plans are in motion to cement its place as a leading casual dining option for consumers nationwide. The company continues to adapt to evolving dining preferences by enhancing convenience through innovative solutions like the Chipotlane, ensuring that it meets customer needs for speed and quality.

In summary, Chipotle Mexican Grill is firmly moving forward with its expansion strategy and is eager to quash any unfounded rumors. The company reassures customers and investors that it is neither closing its locations nor filing for bankruptcy.