Chipotle Mexican Grill said it will buy back $100 million more of its stock, expanding a $100 billion buyback plan launched Oct. 18. With growth stalling, Bloomberg reports, Chipotle may become more like a standard fast-food chain. It is mulling things like running ads that drive traffic rather than celebrate the brand and adding breakfast and drive-throughs.
Chipotle enlarges buyback plan
You have reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week