Chipotle Shares Slide Due to E. Coli Connection – businessCraftpro

Chipotle Shares Slide Due to E. Coli Connection

Chipotle Shares Slide Due to E. Coli Connection

Chipotle isn’t in a great spot right now, with rumors swirling about possible E.coli outbreaks linked to the chain. As a result, Chipotle’s stock took a hit on Monday. This downturn is tied to the company dealing with its first drop in a key sales metric due to an E.coli outbreak traced to its restaurants. Last Friday, the chain, which is known for emphasizing high-quality ingredients, anticipated an 8 to 11 percent drop in sales at their established locations for the fourth quarter if current trends continue. By Monday morning, Chipotle’s stock slid by 6 percent, settling at $528.