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A chicken burrito cost $6.50 in 2019 and now costs $10.70. After California passed a $20 minimum wage law earlier this year, Chipotle raised prices in the state by another 6 to 7 per cent.
Further down the income statement, its restaurant-level operating margin fell from 26.3% to 25.5% as food costs rose due to higher prices for avocados and dairy.
Since many restaurants and chains such as Chipotle create their own guacamole in-house (unlike their diced tomatoes, which are pre-packaged,) a labor cost factors into the creation of guacamole.
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At the time of its opening in 2014, the restaurant at La Défense was the largest Chipotle location in the world at 7,000 square feet (650 m 2), while a typical Chipotle restaurant is usually between 2,200 square feet (200 m 2) and 2,500 square feet (230 m 2). [92]
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Chipotle Mexican Grill Inc said on Tuesday it has increased prices for products across its menu by about 4% owing to rising labor costs. Several companies in the retail space, including McDonald's ...
By mid-2001 it was implemented in 95% of its 1,749 company-owned restaurants in the U.S., and in a smaller number of its 5,250 franchisee-owned restaurants. [11] By 2002, a small percentage of stores owned or franchised by U.S. pizza companies Domino's and Papa John's were also charging delivery fees of 50 cents to $1.50, and some of Little ...