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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 ...
Truist Securities raised the firm’s price target on Chipotle from $72 to $74 based on the findings and believes Chipotle is shifting menu prices higher “from a point of strength,” according ...
“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."
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.
In the fast-casual chain’s 2024 third-quarter report, the company explained that the costs of several ingredients, primarily avocados and dairy, caused an increase in total revenue costs to 30.6 ...
The last time Chipotle increased its prices was back in August 2022, when customers ended up paying $1 or more extra for the same menu items as before. The restaurant chain had previously raised ...
The last time Chipotle announced a price hike was in July 2022, and this led to entrees costing $1 more than usual for customers after the price hike took effect in August. The entrees may be ...
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