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Chipotle stock falls on link to salmonella outbreak in Minnesota
cnbc.com • • general
Key Points:
- Chipotle Mexican Grill temporarily removed jalapeños from its Minnesota restaurants after identifying a potential link to a salmonella outbreak in their supply chain.
- The company's shares dropped nearly 10% following the announcement, reflecting investor concerns tied to Chipotle's previous food safety issues between 2015 and 2018.
- Chipotle emphasized its proactive response, including its ingredient traceability system and replacement of jalapeños with products from different growers.
- Despite not serving ingredients related to the ongoing cyclospora outbreak, Chipotle acknowledged that foodborne illness concerns have negatively impacted its sales in late July.
- The decision to pull jalapeños was first reported by Bloomberg, highlighting ongoing vigilance in food safety within the industry.
