Once the poster child of fast casual, Chipotle is now facing a series of health outbreaks which are expected to deter both consumers and shareholders. Just this past week, the CDC announced it was investigating the burrito chain for another E. Coli outbreak after 5 people in the midwest got sick. On the heels of the announcement, Chiptole stock plummeted with shares reaching a 52 week low. In fact, the stock has fallen 23.4% over the past year and expectations are that the company will continue to decline . Sales have faltered and led analysts to believe same store sales could fall for the first time in the company’s history.
With Chipotle expected to report Q4 2015 in February 2016, corporate guidance has been adjusted to reflect all information
With Chipotle expected to report Q4 2015 in February 2016, corporate guidance has been adjusted to reflect all information