Chipotle says California probe widens into national investigation, Chipotle Mexican Grill Inc said a federal bent delving affiliated to a food-safety adventure at a California restaurant had widened into a civic investigation, sending its shares down 8.6 percent in continued trading on Tuesday.
The burrito alternation aswell said sales at accustomed restaurants plunged about 36 percent in January, abacus to a 14.6 percent bead in the fourth quarter, its aboriginal anytime abatement in its 10-year actuality as a accessible company.
Chipotle accustomed a new amendment at the end of January, gluttonous advice accompanying to company-wide aliment assurance affairs dating aback to Jan. 1, 2013 and superseding an beforehand amendment that was bound to just one restaurant in Simi Valley.
The aggregation said it advised to absolutely abet in the analysis by the U.S. Attorney's appointment for the Central District of California.
More than 50 humans beyond 14 U.S. states were sickened in two E.coli outbreaks endure year afterwards bistro at Chipotle's outlets. Norovirus outbreaks were aswell appear in Massachusetts and California.
The outbreaks accept apprenticed abroad customers, wiped added than a division off the company's banal amount and resulted in the bent delving and a actor lawsuit.
"The fourth division of 2015 was the a lot of arduous aeon in Chipotle's history," Steve Ells, the company's co-chief executive, said in a statement.
The U.S. Centers for Disease Control and Prevention, however, said on Monday that the E.coli outbreaks affiliated to Chipotle appeared to be over.
The company's net assets plunged 44 percent to $67.9 million, or $2.17 per share, in the division concluded Dec. 31, but exhausted the boilerplate analyst appraisal of $1.85 per share, according to Thomson Reuters I/B/E/S.
Revenue beneath 6.8 percent to $997.5 million, missing analysts' expectations of $1.01 billion.
Chipotle's shares, which surged to an best top of $758.61 in August endure year from an antecedent alms amount of $22 in 2006, were trading at $435 afterwards the bell.
Chipotle accustomed a new amendment at the end of January, gluttonous advice accompanying to company-wide aliment assurance affairs dating aback to Jan. 1, 2013 and superseding an beforehand amendment that was bound to just one restaurant in Simi Valley.
The aggregation said it advised to absolutely abet in the analysis by the U.S. Attorney's appointment for the Central District of California.
More than 50 humans beyond 14 U.S. states were sickened in two E.coli outbreaks endure year afterwards bistro at Chipotle's outlets. Norovirus outbreaks were aswell appear in Massachusetts and California.
The outbreaks accept apprenticed abroad customers, wiped added than a division off the company's banal amount and resulted in the bent delving and a actor lawsuit.
"The fourth division of 2015 was the a lot of arduous aeon in Chipotle's history," Steve Ells, the company's co-chief executive, said in a statement.
The U.S. Centers for Disease Control and Prevention, however, said on Monday that the E.coli outbreaks affiliated to Chipotle appeared to be over.
The company's net assets plunged 44 percent to $67.9 million, or $2.17 per share, in the division concluded Dec. 31, but exhausted the boilerplate analyst appraisal of $1.85 per share, according to Thomson Reuters I/B/E/S.
Revenue beneath 6.8 percent to $997.5 million, missing analysts' expectations of $1.01 billion.
Chipotle's shares, which surged to an best top of $758.61 in August endure year from an antecedent alms amount of $22 in 2006, were trading at $435 afterwards the bell.
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