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Chipotle CFO Says the Chain Can Last a Year With Lower Sales

Food baskets sit on a counter at a Chipotle in Chicago, Illinois
Photographer: Laura McDermott/Bloomberg

Chipotle Mexican Grill Inc. is well positioned to ride out the Covid-19 storm that’s ravaging the U.S. restaurant industry, according to its chief financial officer.

“We can get through for many months or even a year at these kind of depressed sales levels,” CFO Jack Hartung said in an interview Wednesday, declining to provide sales figures. He said the disease outbreak is unprecedented for the industry, and that “everybody is losing a meaningful part of the business.”