Chipotle (CMG) was still recovering from a string of food safety lapses that occurred in 2015. The prolonged crisis had badly damaged the company’s reputation. Both sales and stock price have been battered since then. Apparently, the problem is back again as the company has temporarily closed down its Ohio restaurant after its customers fell ill. This news sent the stock plummeting in the after-hours trading on Monday. The downward momentum continued on Tuesday and the stock slid more than 6% in the morning trading session.
This year when the fast-food chain hired CEO Brian Niccol, the company shares shot high as investors were optimistic about a turnaround at Chipotle. During an interview with FOX Business on Monday, Niccol said Chipotle is looking to put food-borne illness scare behind them. But this latest episode of food scare came as a nasty reminder to the investors, causing them to dump the shares.
Apparently, the problem is back again as the company has temporarily closed down its Ohio restaurant after its customers fell ill.
The initial reports made the incident appear small as just 10 complaints were received. But on Tuesday, CNBC said the Delaware General Health District received more than 100 calls and the number continued to rise. The latest health scare came from a Chipotle restaurant in Powell, Ohio where customers fell ill with symptoms like nausea and diarrhea. The company, however, plans to re-open the restaurant after it gets an approval from the health department. Chipotle could head for the worse if this new episode turns into another outbreak.
RELATED: Chipotle changes its strategy
While Chipotle was getting battered over food poisoning outbreaks, its rivals took complete advantage of the situation and increased their sales through clever marketing and menu offerings. Now Chipotle is trying to win back its customers with improved menu choices. Under the leadership of Niccol, Chipotle is set to make some much-needed strategic changes.
RELATED: Chipotle has better weightage than Shake Shack
But as of now, the industry watchers might be more interested in the company’s plan to reopen its Ohio restaurant. It’s worth noting that on July 27, Chipotle shares reached a new 52-week high ($483.29) and now the stock has plunged more than 11% from that.
84 Comments
Comments are closed.
free download for windows pc
[…]The info mentioned in the report are several of the very best available […]
apps download for windows 10
[…]one of our guests recently advised the following website[…]
MFT MineFullTrader – Crypto token sale
[…]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless actually worth taking a search, whoa did one discover about Mid East has got additional problerms as well […]
free full download for windows
[…]check below, are some totally unrelated web-sites to ours, nonetheless, they’re most trustworthy sources that we use[…]
Ruger sr22 for sale
[…]Every once inside a while we opt for blogs that we read. Listed below would be the most up-to-date web pages that we select […]
Herbal Incense Near me
[…]check beneath, are some completely unrelated web-sites to ours, however, they are most trustworthy sources that we use[…]
Buy herbal incense online
[…]usually posts some really fascinating stuff like this. If youre new to this site[…]
male stroker
[…]The info talked about in the write-up are some of the very best obtainable […]
clitoral stimulator
[…]always a large fan of linking to bloggers that I appreciate but really don’t get a whole lot of link appreciate from[…]
custom shipping boxes
[…]we came across a cool web-site that you may possibly get pleasure from. Take a search if you want[…]
Glock 19
[…]please pay a visit to the websites we adhere to, like this one particular, because it represents our picks through the web[…]
Uganda safari vacations
[…]please check out the sites we adhere to, like this 1, because it represents our picks in the web[…]
http://www.canadianpharmacyking.com
[…]usually posts some really fascinating stuff like this. If youre new to this site[…]
learn more
[…]Every after in a while we opt for blogs that we read. Listed beneath would be the most recent web-sites that we select […]
Real krt
[…]although web sites we backlink to beneath are considerably not related to ours, we feel they’re basically worth a go by means of, so possess a look[…]
junk cars
[…]please pay a visit to the web sites we comply with, like this one particular, as it represents our picks in the web[…]
FN 509 LS EDGE FOR SALE
[…]just beneath, are numerous totally not related sites to ours, even so, they’re surely really worth going over[…]
BERETTA 92X
[…]check beneath, are some totally unrelated sites to ours, on the other hand, they’re most trustworthy sources that we use[…]
Marijuana Delivery
[…]check below, are some completely unrelated internet websites to ours, on the other hand, they are most trustworthy sources that we use[…]
best cock sleeve
[…]always a significant fan of linking to bloggers that I enjoy but do not get a whole lot of link love from[…]
Order Takeout Nanaimo
[…]that would be the finish of this write-up. Here you will obtain some web sites that we believe youll value, just click the links over[…]
pc fernwartung meilen
[…]The facts mentioned in the report are a few of the ideal obtainable […]
stocks 101
[…]although web sites we backlink to beneath are considerably not connected to ours, we feel they are basically really worth a go through, so have a look[…]
zwitsal
[…]the time to study or visit the content material or web-sites we have linked to below the[…]
marketing assignment
[…]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless truly really worth taking a appear, whoa did a single discover about Mid East has got a lot more problerms too […]
parrot eggs for sale
[…]that may be the finish of this write-up. Here you will find some internet sites that we feel youll enjoy, just click the links over[…]
Google
[…]please pay a visit to the websites we comply with, such as this one particular, because it represents our picks through the web[…]
cashforcars-bc.com
[…]Sites of interest we have a link to[…]
buy backlinks
[…]one of our visitors recently advised the following website[…]
penis enlarger pump
[…]Every after inside a although we choose blogs that we read. Listed below are the most up-to-date websites that we pick out […]
how to massage your pussy using a thrusting rabbit massager
[…]very few web sites that take place to become detailed below, from our point of view are undoubtedly properly really worth checking out[…]
listen here
[…]Every when inside a while we pick blogs that we read. Listed beneath would be the most up-to-date sites that we pick out […]
how to treat premature ejaculation
[…]here are some hyperlinks to internet sites that we link to mainly because we assume they’re worth visiting[…]
buy magic mushrooms
[…]one of our visitors lately recommended the following website[…]
Bubblegum Haupia Strain
[…]below you will come across the link to some web sites that we assume you must visit[…]
Haupia strain
[…]just beneath, are a lot of entirely not connected web-sites to ours, however, they may be surely worth going over[…]
Bubblegum Haupia Strain
[…]Here are a few of the sites we advocate for our visitors[…]
Bubble hash
[…]we came across a cool internet site that you just may well love. Take a search when you want[…]
Moroccan hash
[…]Sites of interest we’ve a link to[…]
Litto
[…]just beneath, are quite a few absolutely not related web pages to ours, however, they’re certainly really worth going over[…]
Bubble hash
[…]Here are a number of the internet sites we advocate for our visitors[…]
3effective
University of Embu
[…]the time to read or take a look at the material or internet sites we have linked to beneath the[…]
Turkana University College
[…]that would be the end of this report. Here youll find some web-sites that we assume youll enjoy, just click the hyperlinks over[…]
School of Pure and Applied Sciences Embu University
[…]we prefer to honor many other world-wide-web web sites on the web, even though they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
MUST student portal
[…]Here are some of the web pages we recommend for our visitors[…]
Murang’a University of Technology
[…]Wonderful story, reckoned we could combine some unrelated information, nevertheless really really worth taking a appear, whoa did 1 understand about Mid East has got more problerms at the same time […]
MUT
[…]check beneath, are some absolutely unrelated websites to ours, on the other hand, they are most trustworthy sources that we use[…]
…Awesome website
[…]I am not positive the place you’re getting your information, but great topic.[…]
Trackback
[…]you make blogging glance[…]
…Websites you should visit
[…]Wow, amazing blog layout! How long have you been blogging for?[…]
…Trackback: More Informations on that topic
[…]I am no longer certain the place you’re getting your information, but great topic.[…]
…A Friend recommended your blog
[…]you make blogging glance[…]
…Take a look for more Information on that topic
[…] What web host are you using? Can I get affiliate hyperlink in your host? I want site loaded up as quickly as yours lol[…]
…Additional Information ca be found here
[…] What web host are you using? Can I get affiliate hyperlink in your host? I want site loaded up as quickly as yours lol[…]
…For further Information click here
[…]I am no longer certain the place you’re getting your information, but great topic.[…]
…For further Information click here
[…]you made running a blog glance[…]
…Recent Blogroll Additions
[…]you made running a blog glance[…]
…Visitor recommendations
[…]The whole glance of your web site is fantastic, let well as the content![…]
Trackback
[…]Very good blog here! Also your site so much up fast![…]
…A Friend recommended your blog
[…]you make blogging glance[…]
…Visitor recommendations
[…]Great weblog right here! Additionally your website loads up very fast![…]
Trackback
[…]Wow, wonderful blog layout! How long have you been blogging for?[…]
…[Trackback]
[…] What host are you using? Can I am getting your associate link on your host? I want site loaded up as fast as yours lol[…]
…Additional Information ca be found here
[…] What host are you the use of? Can I am getting your associate link for your host? I desire my website loaded up as fast as yours lol[…]
…Additional Information ca be found here
[…]you make blogging glance[…]
…Websites you should visit
[…]you made running a blog glance[…]
Look there for more:
[…]I am now not sure where you are getting your info, however good topic.[…]
…Take a look for more Information on that topic
[…]Very good blog here! Also your site so much up fast![…]
…A Friend recommended your blog
[…]Good blog here! Also your website lots up fast![…]
…Links
[…]Nice weblog right here! Additionally your site quite a bit up very fast![…]
…Awesome website
[…]Nice blog here! Also your site so much up fast![…]
Diploma Programmes
[…]just beneath, are several completely not related web-sites to ours, even so, they are surely worth going over[…]
TVET programmes
[…]check beneath, are some totally unrelated web sites to ours, on the other hand, they’re most trustworthy sources that we use[…]
Short Courses
[…]Every when in a when we pick out blogs that we read. Listed beneath are the most up-to-date web-sites that we pick out […]
…For further Information click here
[…] What host are you the use of? Can I am getting your associate link on your host? I desire my website loaded up as fast as yours lol[…]
…Visitor recommendations
[…] What web host are you the usage of? Can I get affiliate hyperlink to your host? I wish web site loaded up as quickly as yours lol[…]
…Trackback: More Informations on that topic
[…]Wow, awesome blog format! How long have you been blogging for?[…]
academic programmes
[…]although websites we backlink to beneath are considerably not related to ours, we feel they may be in fact worth a go by way of, so have a look[…]
mut academic programmes
[…]Here is a superb Weblog You might Find Exciting that we Encourage You[…]
must academic programmes
[…]Here are several of the sites we recommend for our visitors[…]
jooust academic programmes
[…]although internet sites we backlink to beneath are considerably not related to ours, we feel they may be actually worth a go as a result of, so possess a look[…]
tuc academic programmes
[…]very few websites that occur to become comprehensive below, from our point of view are undoubtedly nicely worth checking out[…]
SCIT
[…]please take a look at the web sites we follow, which includes this one, as it represents our picks from the web[…]