If you haven't hit up your local Chipotle for a big-ass burrito in a while, well, it looks like you're not alone. Adding to the bad news surrounding a series of major food-borne illness outbreaks connected to its restaurants last year, the company said Wednesday it has seen a major decline in sales in recent months and is now being investigated by the federal government.
As Forbes reports, Chipotle said it expects to see a 14.6% drop in comparable sales in the fourth quarter, which is worse than the 8% to 11% dent in sales it had previously expected to brace for in the aftermath of the recent outbreaks and the resulting negative headlines. In fact, the company said sales dived by 30% in December after sliding by 16% in November. Unsurprisingly, Chipotle's stock is suffering, following the news.
But the burrito-purveyor's problems don't end there. Chipotle also said it's the subject of a criminal investigation by the U.S. Food and Drug Administration’s Office of Criminal Investigations in connection with an August incident involving norovirus at one of its locations in Simi Valley, CA. The company was served a federal grand jury subpoena in the case, according to the magazine's report.