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Chipotle CEO Says 'We Let Our Customers Down,' Touts New Food Safety Measures
Wednesday, September 21, 2016 - 3:45pm | 298Chipotle Mexican Grill, Inc. (NYSE: CMG) CEO Steve Ellis said in a video posted on its website that the company "let our customers down" and "failed to live up to our own food safety standards" following a series of e. Coli outbreaks across the US in which 500 people were...
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Chipotle's Recovery: Still Too Early To Buy The Stock, Says Canaccord
Tuesday, August 23, 2016 - 10:53am | 296Chipotle Mexican Grill, Inc. (NYSE: CMG) saw its stock trading above $750 per share, but once again, a scandal involving food safety issues pushed the stock below the $400 per share mark for the first time since 2013. Chipotle's stock has lost more than 17 percent since the start of 2016, 45...
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Is Chipotle's Free Burrito Strategy Working? Don't Ask Management; They Don't Even Know
Thursday, August 18, 2016 - 12:10pm | 354If a company doesn't know how effective a marketing campaign is going, how should investors react? This is a legitimate question Chipotle Mexican Grill, Inc. (NYSE: CMG) should be asking. According to Bloomberg Gadfly's Shelly Banjo, the casual fast food chain has been handing out millions of...
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Chipotle Hires One Of Its Biggest Food Safety Critics
Wednesday, May 11, 2016 - 8:18am | 333Chipotle Mexican Grill, Inc. (NYSE: CMG) has thus far failed to move past a food safety scandal that resulted in an E. coli outbreak. Shares of the casual fast-food restaurant have lost 5 percent since the start of 2016 and nearly 30 percent over the past year. As Chipotle looks to move past the...
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ICYMI: Here's What Happened At Chipotle's Food Safety Meeting
Tuesday, February 9, 2016 - 11:21am | 298Chipotle Mexican Grill, Inc. (NYSE: CMG) ceased all of its operations on Monday for 4 hours as more than 50,000 employees took place in a "virtual" town hall meeting. The meeting was announced in mid-January and follows a strong of E. coli outbreaks that have been confirmed and linked to Chipotle's...