Chipotle says annual targets do not include impact of Minnesota salmonella outbreak

Aug 5 (Reuters) - Chipotle Mexican ‌Grill said on ​Wednesday ​its annual targets shared last week did not include the financial impact from the salmonella outbreak in Minnesota, which ‌resulted in the burrito chain pulling jalepenos at some of ⁠its restaurants.

Here are some details:

• The Minnesota Department of Health said on Tuesday it ‌had identified 110 salmonella outbreak-related ‌cases in the state, with 75 of 84 people interviewed reporting eating at Chipotle between June 14 and July 14.

• Also on ​Tuesday, Chipotle said it had begun tracing ingredients through its supply chain after learning of the potential salmonella outbreak.

• "Due to the ⁠uncertain nature of any possible outcomes or impacts from the salmonella investigations, our guidance did not ​include a financial impact from these matters," the company said in a regulatory filing on Wednesday.

• Chipotle executives on ​July 29 had already warned the ‌current quarter was likely to be its toughest of the year, when it had raised its annual sales forecast, ⁠as consumers turned wary of dining out due to a separate, multistate cyclosporiasis outbreak.

• The company on Tuesday said it had identified jalapenos from a ⁠common lot as a possible source of the salmonella outbreak in Minnesota, though health ​authorities are yet to determine the definitive cause.

• It had removed the jalapenos from its restaurants and replaced them with product from different growers, Chipotle said.

• ‌Last week, Chipotle topped quarterly results estimates and said it now expects fiscal 2026 comparable restaurant sales growth ‌to be in the low single-digit range, compared with its prior forecast ⁠of about flat.

• Chipotle's shares ‌closed down nearly 10% ​on Tuesday, but were up about 3% in early trading on Wednesday.

(Reporting by Juveria Tabassum in Bengaluru; Editing by ‌Vijay Kishore)

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