During a call with investors on Wednesday, Chipotle CEO Brian Niccol and other executives announced that the company is shuttering 55 to 65 underperforming restaurants and revamping its menu.
Niccol, who joined Chipotle in March, is the former head of Taco Bell. They did not share which locations are being closed, or what new items are being added to the menu; the company announced earlier this month it is testing five new offerings, including nachos and quesadillas, in a New York test kitchen.
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