Barron’s recently reported that there might be some good news for Chipotle Mexican Grill. After struggling with sales since its E. coli outbreak, things might be starting to look a litter brighter for the American chain.
The reason being is the recent catering delivery expansion which has allowed the company's shares to rise.
Barron’s says the shares went up “0.6% to $420” compared to other similar restaurants like Jack in the Box that gained “0.6% to $12.”
Chipotle has launched catering delivery to roughly 40% of its restaurants with the hope of bringing up the sales like in the previous years, such as when it first began offering catering in 2013.