Fast-Food Chain Debunks Closure Rumors, Plans Expansion

A representative for the restaurant chain has clarified to multiple media sources that the company is not planning to shut any locations, countering online rumors. The fast-food chain has just wrapped up a prosperous 2024, boasting over 3,700 outlets both in the U.S. and abroad and reporting a 14.6% increase in revenue. With no debt and more than $2 billion in cash reserves, the company is looking robust.

This year, they aim to expand by launching over 300 new restaurants, many incorporating the innovative “Chipotlane.” This mobile order pickup window concept has already proven to be highly successful for the brand.