Chipotle’s present scenario doesn’t appear promising, with rumors of potential E.coli outbreaks associated with the restaurant chain. Chipotle’s (CMG) stock prices persistently dipped on Monday, amidst the chain’s confrontation with its first ever drop in a critical sales metric due to an E. coli outbreak traced back to its outlets. On Friday, Chipotle, renowned for promoting its high-quality ingredients, projected an 8 to 11 percent decline in sales at their established outlets for the fourth quarter, given the current trends persist. On Monday morning trading, Chipotle’s stock decreased by 6 percent, landing at $528.
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