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Chipotle said on the call that it currently pays employees $17 an hour in California, where it has about 15% of its roughly 3,300 restaurants. The new hourly wage for fast food workers will take ...
To cover that wage hike, Chipotle may have to raise its menu prices across all of its 3,400 restaurants by 80 to 100-plus basis points, Hartung told investors. And this likely won’t just be a ...
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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."
In 2025, Chipotle plans to open 315 to 345 new company-operated restaurants, with 80% featuring a “Chipotlane,” the brand’s digital order drive-thru pickup lane. This article was originally ...
According to the U.S. Department of Agriculture, wholesale poultry prices were 4.5% lower in October of this year compared to October 2023, and those prices are predicted to decrease 0.6% on the ...
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The confirmation came following an analyst report dated Dec. 4 by Truist Securities financial group showing Chipotle had increased prices by 2% on proteins at 20% of its restaurant locations surveyed.