Chipotle stores to open later on Monday for worker meeting

Since then, additional cases have been reported in California, Minnesota New York, and Ohio.

The outbreaks have hammered the company’s sales and company. “Just looking at the ones that might have been reported with an outbreak that was detected would be a very biased sample”, Duchin said.

Improper food temperatures is a problem inspectors see all the time, and it’s a violation we found on nearly all the inspection reports, dating back one year, at local Chipotle franchises. But I’m confident it will.

The Mexican chain, which has more than 2,000 locations, is attempting to bounce back from a series of E. coli outbreaks linked to its supply chain that sickened about 60 people across the country, health officials said.

The meeting comes in light of bacterial outbreaks in several states around the U.S. In the two outbreaks 22 people were hospitalized. The company earned $997.50 billion during the quarter, compared to analysts’ expectations of $1.05 billion.

Apparently, investors were already starting to forgive Chipotle a few weeks ago.

Its stock rallied following the CDC announcement.

“Many thanks”, the next page says.

The meeting will focus “on implementing Chipotle’s comprehensive new food safety programs in their restaurants, as well as outlining for all employees the steps that have been taken outside the restaurants to make Chipotle ingredients safer than ever”, according to a corporate press release on January 19.

Chipotle’s fourth-quarter report on February 2 was as bad as analysts expected in light of recent events.

Revenue declined 6.8 percent to $997.5 million.

In November, Chipotle sales plunged 16 percent.

Chipotle said heavy spending on food safety would weigh on current quarter results. Twelve-month returns on assets and equity also sit at or near decade highs. Wells Fargo reissued a “hold” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, December 29th. That bodes well for a fairly swift turnaround at Chipotle because the younger demographic accounts for the greatest share of foot traffic, and its spending power is on the rise. Some of the changes they’re making include washing and cutting produce in a central kitchen instead of individual restaurants, and they’re also changing they way they marinate steak and chicken.

Risks to Consider: The outcome of the criminal investigation of Chipotle remains unknown, and the company could be hit with numerous lawsuits from E. coli and norovirus-exposed customers. Also, the exact source of the outbreaks was never discovered, so foodborne illness problems could resurface.