Wednesday, October 26, 2016

Chipotle's Sales Decline Sharply for Fourth Straight Quarter

Chipotle Mexican Grill’s quarterly sales tumbled for a fourth straight quarter as the once-hot restaurant chain still suffers in the wake of a poorly handled and prolonged food-safety crisis that started a year ago.

On Tuesday, the fast-casual purveyor of burritos and tacos reported third-quarter revenue dropped nearly 15% to $1 billion, while comparable restaurant sales tumbled 22% (both declines were worse than Wall Street analysts had feared.). . . more

No comments: