NEW YORK (AP) — Chipotle says sales were down 23.6 percent during the second quarter as it fights to recover from a series of food scares.
The decline follows a 30 percent drop in the first quarter the year.
For the second quarter, the company’s profit fell to $25.6 million, or 87 cents per share. Wall Street expected a profit of 91 cents per share, according to FactSet.
A year ago, the company earned $140.2 million, or $4.45 per share.
Total revenue declined to $998.4 million. Analysts expected $1.05 billion.