Food Safety Concerns Will Weigh on Chipotle's Back-Half 2017 Trends, but Recovery Still Possible
Chipotle's second-quarter results took a backseat to management's discussion of the recent norovirus outbreak at a Virginia location and other potential food safety lapses, and their impact on future sales trends. The good news for investors is that these incidents have not been as pronounced as the 2015 E. coli outbreaks, with comps the past week running about 5.5% below trends earlier in July (implying low-single-digit comps for July). Based on everything we know, we don't expect the latest in...Chipotle Mexican Grill together with its subsidiaries operates Chipotle Mexican Grill restaurants, which feature a menu of burritos, burrito bowls (a burrito without the tortilla), tacos, and salads. The company operates Chipotle restaurants throughout the United States, international Chipotle restaurants, and non-Chipotle restaurants. The company uses various herbs, spices and seasonings to prepare its meats and vegetables. The company also serves tortilla chips that seasoned with lime juice and salt, with sides of hand mashed guacamole, salsas, or queso. In addition to sodas, fruit and tea drinks, and organic milk, most of the company's restaurants also provide a selection of beer and margaritas.
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