Chipotle Slumps After a Weak Third Quarter

Chipotle's new queso side can't save its shares
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Chipotle's (CMG) - Get Report new queso side can't save its shares after management issues and millions of dollars in free food giveaways that proved fruitless for its business. Analysts expected a 1.2 percent rise in sales from Chipotle's restaurants that have been open for at least 13 months. Those sales only rose 1 percent. Chipotle's net profit rose $19.6 million from $7.8 million a year earlier. Chipotle posted earnings of 69 cents a share. Analysts expected $1.64. This is partly tied to disruptions in operations and traffic from Hurricane Harvey and Irma in late August and early September. 

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