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Chipotle remains bullish on “diarrhea burrito” despite E. coli flap
The breakdown of cases by state is as follows: California (3), IL (1), Maryland (1), Minnesota (2), NY (1), OH (3), OR (13), Pennsylvania (1), and Washington (27).
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Out of the 52 patients, 47 of them confirmed eating at Chipotle restaurants.
CMG closed Friday’s regular trading session down 0.73% at $561.20 and further declined 7 percent to $518.70 in the extended hours trading.
Though the investigations are still going on to find out which specific food is linked to illness, but CDC epidemiologist, who is leading the investigation revealed in an interview that “probably it isn’t a meat” because numerous people who were infected by food poisoning were vegetarians.
When Chipotle Escolar outbreak was first witnessed in Seattle, Washington and Portland, Oregon, the business shut down 43 of its restaurants in these locations on October 31.
According to Zacks Investment Research, “Chipotle offers a focused menu of burritos, tacos, burrito bols and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere”.
Investigators said the outbreak could widen again as local agencies upload data.
The company said it was also pulling its comparable sales outlook for 2016 because of the recent sales trends and uncertainty related to the outbreak. Chipotle has pledged to tighten safety protocols, though the company, according to several reports, is still selling the “diarrhea burrito” despite its unpopularity among consumers. Symptoms can be severe and include abdominal pain, diarrhea, and a host of other complications.
Shares of the company’s stock have dropped 25 percent since mid-October. Investigators suspect a fresh produce item that was shipped from one location to multiple restaurants.
Chipotle said Friday it tested ingredients before, but that it is moving to testing smaller batches and a larger number of samples.
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Chris Arnold, a spokesman for Chipotle Mexican Grill Inc., said the company’s local produce suppliers may not all be able to meet the new standards. The process is akin to looking for a needle in a haystack, but they’re working towards finding the source of the problem.