Chipotle experiences a six percent dive in sales

Chipotle experiences a six percent dive in sales

Chipotle's new queso side can't save its shares, which fell almost 6 percent in after-hours trade. The restaurant said it would open fewer locations next year, after management issues and millions of dollars in free food giveaways that proved fruitless for it's business. Analysts expected a 1.2 percent rise in sales from Chiptole's restaurants that have been open for at least 13 months. But those sales only rose 1 percent. Chipotle's net profit rose &19.6 million from $7.8 million a year earlier.


User: Wibbitz Top Stories

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Uploaded: 2017-10-24

Duration: 00:46

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