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“For the first time in over a year,” said Laurie Schalow, Chipotle's chief corporate affairs officer, “We have taken a modest price increase of approximately 2% nationally to offset inflation."
Truist Securities raised the firm’s price target on Chipotle from $72 to $74 based on the findings and believes Chipotle is shifting menu prices higher “from a point of strength,” according ...
Chipotle said in its third quarter earnings call in October that food, beverage and packaging costs in the third quarter of 2024 were 30.6% of total revenue, an increase from 29.7% in the third ...
This will mark the fourth time in just two years that the popular Tex-Mex restaurant chain has hiked its prices.
Chipotle continues to dominate the burrito scene even though competitors Taco Bell, under Yum! Brands , and Jack in the Box's Qdoba have also experienced. In the past five years alone, shares of ...
Chipotle lovers can still add guac to their burritos without busting their wallets.CFO Adam Rymer told Yahoo Finance that the company is keeping a "close eye" on the fluid tariff situation. The ...
This is actually fairly common with fast-growing chains, which sometimes get pushed so hard by Wall Street to grow the top line that they focus too much on new stores and neglect their core ...
Chipotle is one of the few restaurant chains that keeps growing its comps as it opens new stores. It ended the third quarter of 2024 with 3,615 company-owned restaurants, up from 3,437 at the end ...