Chipotle Stock Expected to Rebound After Every Location Is Renovated to Include 75 Bathrooms

chipotle

chipotle stockNEW YORK — Chipotle Mexican Grill Inc., struggling to rebound from multiple outbreaks of foodborne illness, reported a worse-than-expected plunge in fourth-quarter sales and said it was served with a grand jury subpoena in a federal criminal investigation. Same-store sales — a closely watched benchmark — tumbled 14.6 percent in the period, the Denver-based company said in a regulatory filing on Wednesday. The decline, Chipotle’s first quarterly drop as a public company, was previously projected to be as much as 11 percent. The subpoena, meanwhile, stemmed from a probe by the U.S. Attorney’s Office for the central district of California, which is working with the Food and Drug Administration’s Office of Criminal Investigations. (read more at the Lewiston Sun Journal)

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