Top and Current
Source : (remove) : Blavity
RSS • JSON • XML • CSV
Top and Current
Source : (remove) : Blavity
RSS • JSON • XML • CSV

Is Chipotle Closing And Going Bankrupt? Let's Fact Check The Viral Rumors


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -bankrupt-let-s-fact-check-the-viral-rumors.html
  Print publication without navigation Published in Business and Finance on by Blavity
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Rumors of Chipotle Mexican Grill filing for bankruptcy and closing restaurants this year have spread on social media, sparking concern among users about the popular fast-casual chain.

The article from MSN addresses the viral rumors about Chipotle Mexican Grill potentially closing and going bankrupt. It clarifies that these rumors are unfounded; Chipotle is not facing bankruptcy nor planning to close its stores. Instead, the company reported a significant increase in revenue and earnings for the first quarter of 2023, with a 17.2% rise in revenue to $2.4 billion and a 84.1% increase in earnings per share. Chipotle has also been expanding, with plans to open more locations in 2023. The rumors seem to stem from a misinterpretation of Chipotle's CEO discussing the challenges of inflation and rising costs, but these are common industry issues and not indicative of financial distress. The article emphasizes that Chipotle remains a strong and growing brand in the fast-casual dining sector.

Read the Full Blavity Article at:
[ https://www.msn.com/en-us/money/general/is-chipotle-closing-and-going-bankrupt-let-s-fact-check-the-viral-rumors/ar-AA1BIqar ]

Publication Contributing Sources