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Chipotle, which just announced price hikes, said it will charge even more at its California restaurants, blaming a new rule that raises minimum wages for fast food (and fast casual) workers in the ...
‘I can’t charge $20 for Happy Meals’: California restaurants ax jobs, raise prices ahead of new $20/hour minimum wage mandate Serah Louis March 29, 2024 at 5:58 AM
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.
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Fast food companies aren't laughing this April 1. In California, the day marks the start of a new obstacle. Fast food chains that have at least 60 locations nationwide need to raise their minimum ...
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Labor was already Chipotle’s second largest operating expense in 2023. In its full-year 2023 results, the chain reported spending $2.44 billion in labor costs, up 11% from $2.2 billion in 2022 ...