Chipotle (CMG) Issues Statement on Latest CDC Findings Related to E. coli Probe

Chipotle Mexican Grill (NYSE: CMG) issued the following statement following an update from the CDC on its investigation into the company's e. coli outbreak (via CNBC):

We have indicated before that we expected that we may see additional cases stemming from this, and CDC is now reporting some additional cases. Since this issue began, we have completed a comprehensive reassessment of our food safety programs with an eye to finding best practices for each of the ingredients we use.

We are no in the process of implementing those programs, including high-resolution testing of ingredients, end-of-shelf-life testing of ingredients, continuous improvement in the supply system based on testing data, and enhanced food safety training for all of our restaurant teams.

With all of these programs in place, we are confident that we can achieve a level of food safety risk that is near zero.

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