Friday, February 3, 2017

Chipotle profit down 76%

Image result for chipotleChipotle reported yet another terrible earnings quarter Thursday.

The company said its quarterly profits were down 76% compared to the same period last year -- to $16 million from about $68 million.

CEO Steve Ells said slumping sales and higher food costs were to blame, but Ells added that he's hopeful 2017 is the year Chipotle will turn it around.. . . more

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