Chipotle Mexican Grill Inc. reported its first fall in quarterly sales at established restaurants since it went public as it lost customers after several incidents of food-borne illnesses at its outlets.
Sales of established restaurants dropped 14.6% in the fourth quarter.
The burrito chain operator’s net income fell to $67.9 million, or $2.17 per share, in the quarter ended Dec. 31 from $121.2 million, or $3.84 per share, last year.
Revenue fell 6.8% to $997.5 million.
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