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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."
Schalow said it's the first time the California-based company has raised its prices in more than a year. Chipotle revealed the price increase after an analyst report released earlier this week by ...
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 ...
Chipotle Mexican Grill's food prices are increasing by approximately 2% to offset inflation costs, according to Chipotle’s chief corporate affairs officer Laurie Schalow.
Despite the price hikes in recent years, Chipotle reported a 13.6% increase in revenue in the second quarter of this year, bringing in about $2.5 billion. The company also opened 47 new ...
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's last increase looked like a $1 spike or more for menu items, while the chain also increased prices 3.5 to 4 percent in June 2021 and around 4 percent once again in the first quarter of ...
Despite these complaints, Chipotle reported a total revenue increase of 18.2% to $3.0 billion this quarter compared to the second quarter of 2023. The chain also opened 52 new company-operated ...