FIRST AIRED: October 26, 2017

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Transcript

00:00:01
>> It's been more than 24 hours since Chipotle's stomach turning quarterly results. And investors are still finding no relief. Shares tumbling as much as 15% Wednesday for its biggest one day nose dive since 2012. Investors hungry for a turnaround getting crushed. The stock has lost half its value since hitting a record high back in 2015.
00:00:26
Shareholders may finally be realizing Chipotle's efforts to once again be the millennial's loving hotspot it used to be, ain't happening. Reuters San Francisco bureau chief Peter Henderson.>> Chipotle is slowing down its expansion. Now Chipotle has had its troubles over the years especially with food safety. It's been expanding, expanding, expanding, now it's slowing down.
00:00:48
At the same time, it's planning to raise prices at a lot of stores in November, about a 5% rise. The question is, can it do so at the same time that it's having other issues?>> Chipotle's biggest problem, its missteps coming at the same time bigger chains like McDonald's have been offering higher quality options that are stealing away Chipotle's customers.
00:01:11
And Chipotle's new options like a spicy cheese queso dip isn't doing enough to drive back the foot traffic. Profits and sales last quarter coming in colder than a left over burrito. And the company's decision to be stingy in its outlook for the future, getting translated as a warning, that things won't be heating up anytime soon.