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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 ...
Chipotle raised menu pricing by about 4% in August 2022 amid rising costs for labor and ingredients. The company also lifted prices an additional 2% to 3% in 700 restaurants where wages were soaring.
Only 2% of Chipotle's total sales come from Mexico, "which includes avocados, tomatoes, limes, and peppers." The company used to import 90% of its avocados from Mexico, but now it imports half ...
After 77 percent of San Francisco residents voted to gradually raise the minimum wage to $15 per hour over four years, Chipotle resorted to raising prices for consumers. On May 1, the first ...
Blaze Pizza Blaze is a build-your-own pizza chain with huge custom pizzas. Because you can customize your ingredients, you can make your pizza as budget friendly as you want, then split it with a ...
In the past five years alone, shares of Chipotle Mexican Grill soared more than 900%. Chipotle continues to dominate the burrito scene even though competitors Taco Bell, under Yum! Brands , and ...