Is the Chipotle Mexican Grill company in financial trouble?
Yes, Associated Press article featured on Forbes.com “Chipolte Mexican Grill” is in big trouble. According to an Associated Press article featured on Forbes.com “Chipolte Mexican Grill” is in big trouble. A financial analyst at Jefferies & Co had these comments: The company is also dealing with lower productivity at newer stores and may have trouble raising prices, said analyst Jeff Farmer. Chipolte, like many restaurants, has struggled during the recession as customers have decided to eat at home more regularly in an attempt to save money. Chipolte, which serves up tacos, burritos and salads, may have to wait a while for customer traffic to pick up, as the restaurant sector traditionally can stay on the decline “for years – not quarters” after posting a drop-off for two quarters. In a move that probably only makes sense to financial analysts: He cut his rating on Chipolte to “Underperform” fr