Chipotle Drops 9% After Pulling Jalapeños Possibly Linked To Salmonella Outbreak In Minnesota
['Antonio Pequeño Iv']
Forbes - Business
Topline Chipotle shares tanked 9% on Tuesday after announcing it pulled its supply of jalapeños potentially linked to a salmonella outbreak, restocking from different growers as cases of the foodborne illness surged in Minnesota.
Chipotle shares tumbled nearly 9% to about $34.09 as of Tuesday afternoon, erasing gains made at the end of July.
Chipotle noted the outbreak is “impacting several food service retailers,” though it is unclear what other restaurants may have been impacted.
Key BackgroundU.S. consumers, namely those in the Midwest, have been on high alert for foodborne illness in recent weeks amid a cyclosporiasis outbreak in the region.
The FDA later said the Taylor Farms link was rooted in a false positive test, though it has insisted there is “overwhelming epidemiological data” that supports the link between Taylor Farms and the outbreak.