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07-22-2016, 01:51 AM
Chipotle is still struggling to recover from its E. coli scandal
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Chipotle is still struggling to recover from its E. coli scandal.
The fast-casual burrito chain reported that its sales and profit continued to fall compared to the same period a year ago, before the outbreak that caused the company to shut down dozens of stores.
Chipotle's sales dropped 16.6 percent to $998.4 million in the second quarter of 2016 compared to the same period last year. The outbreak began in late 2015 (http://mashable.com/2015/11/20/new-chipotle-ecoli-cases/?utm_campaign=BD-Feedlyl&utm_cid=BD-Feedlyl)and finally got the all-clear from the Centers for Disease Control in February 2016 (http://mashable.com/2016/02/01/chipotle-cdc/?utm_campaign=BD-Feedlyl&utm_cid=BD-Feedlyl).
Profit also declined sharply based on the same time last year, but showed improvements compared to the beginning of 2016.* Read more... (http://mashable.com/2016/07/21/chiptole-earnings-still-struggling/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Chipotle is still struggling to recover from its E. coli scandal.
The fast-casual burrito chain reported that its sales and profit continued to fall compared to the same period a year ago, before the outbreak that caused the company to shut down dozens of stores.
Chipotle's sales dropped 16.6 percent to $998.4 million in the second quarter of 2016 compared to the same period last year. The outbreak began in late 2015 (http://mashable.com/2015/11/20/new-chipotle-ecoli-cases/?utm_campaign=BD-Feedlyl&utm_cid=BD-Feedlyl)and finally got the all-clear from the Centers for Disease Control in February 2016 (http://mashable.com/2016/02/01/chipotle-cdc/?utm_campaign=BD-Feedlyl&utm_cid=BD-Feedlyl).
Profit also declined sharply based on the same time last year, but showed improvements compared to the beginning of 2016.* Read more... (http://mashable.com/2016/07/21/chiptole-earnings-still-struggling/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Food (http://mashable.com/category/food/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Chipotle (http://mashable.com/category/chipotle/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/DzWA8xoLoLE