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Chipotle has raised its menu prices by about 2% in response to inflation, the company confirmed to USA TODAY Thursday. ... were 1.9% higher in October 2024 than October 2023 and are predicted to ...
Chipotle expects to raise its prices even more later in 2024 due to an upcoming fast-food minimum wage increase in California, under which workers will make at least $20 an hour starting on April 1.
Chipotle Mexican Grill, Inc. (/ tʃ ɪ ˈ p oʊ t l eɪ /, chih-POAT-lay), [3] often known simply as Chipotle, is an American multinational chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. [4] [5] [6] As of June 30, 2024, Chipotle has 3,500 restaurants. [7]
In the analyst report, the group found a 2% increase in menu prices across 20% of Chipotle restaurants surveyed. ... In the fast-casual chain’s 2024 third-quarter report, ...
A chipotle (/ tʃ ɪ ˈ p oʊ t l eɪ /, / tʃ ɪ ˈ p ɒ t l eɪ /, chi-POHT-leh, chi-POT-leh; Spanish: [tʃiˈpotle]), or chilpotle, is a smoke-dried ripe jalapeño chili pepper used for seasoning. It is a chili used primarily in Mexican and Mexican-inspired cuisines , such as Tex-Mex and Southwestern United States dishes.
The Chipotle model is simple: Open more stores, increase customer traffic, and increase menu prices. This all leads to revenue and profit growth. Last quarter, Chipotle's revenue grew an ...
Chipotle founder and former CEO Steve Ells attended the Culinary Institute of America in Hyde Park, N.Y., and then used a loan from his father to open the first Chipotle in Denver back in 1993.
Image source: The Motley Fool. Chipotle Mexican Grill (NYSE: CMG) Q3 2024 Earnings Call Oct 29, 2024, 4:30 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants