The earnings report also illustrates the enormous dent the food-borne illness scares put in Chipotle's business in the fiscal quarter that ended Dec. 31, 2015. When compared to the same quarter in 2014, Chipotle's restaurant sales dropped by 14.6% and its revenue decreased 6.8% to $997.5 million, and worse yet, its net income for the quarter was $67.9 million, or a decrease of 44%.
The earnings report comes just as Chipotle ramps up its push to lure customers back to its restaurants (potentially with free food!), and just days before the company will close all of its restaurants for a few hours on February 8th for new food safety meetings and training.
"We are extremely focused on executing [the new food safety] program, which designs layers of redundancy and enhanced safety measures to reduce the food safety risk to a level as near to zero as is possible," Chipotle's found and other co-CEO, Steve Ells, said in the release. "By adding these programs to an already strong and proven food culture, we strongly believe that we can establish Chipotle as a leader in food safety just as we have become a leader in our quest for the very best ingredients we can find."