The restaurant industry overindulged — and now it’s paying the price
Last year was a disastrous one for Chipotle, as the burrito behemoth grappled with the fallout from a food contamination scare and problems such as slow moving lines and untidy restaurants. Its sales continued to decline and investors punished its stock.
yet, the chain was still adding stores at a breakneck pace, opening
some 240 locations in the last fiscal year alone. And there is no sign
it is pumping the brakes, reporting this week that it had opened 57 more stores in the first three months of this year.. . . more