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Chipotle Mexican Grill's food prices are increasing by approximately 2% to offset inflation costs, according to Chipotle’s chief corporate affairs officer Laurie Schalow.
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.
As Reuters noted, many of the critical ingredients Chipotle uses in its menu items — including dairy, beef, and avocado — have become more expensive in 2024, which could have led to price ...
It should be noted that most major fast-food chains, Chipotle included, have raised their prices over the past decade at nearly double the rate of inflation, according to FinanceBuzz. Nikki H. / Yelp
Sauce packet (in restaurant) or glass bottle (sold in retail stores) Taco Bell Hot [ 19 ] Water, tomato paste, jalapeño peppers, vinegar, salt, spices dehydrated onion, xanthan gum, sodium benzoate, soy (product label, 2009)
If your Chipotle order seems like it has gotten slightly more expensive, it is not your imagination. The fast casual Mexican chain said it has raised its menu prices by 2% as it deals with the ...
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.
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 ...