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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 Mexican Grill's food prices are increasing by approximately 2% to offset inflation costs, according to Chipotle’s chief corporate affairs officer Laurie Schalow.
Despite the price hikes in recent years, Chipotle reported a 13.6% increase in revenue in the second quarter of this year, bringing in about $2.5 billion. The company also opened 47 new ...
Chipotle's menu consists of five items: burritos, bowls, tacos, quesadillas, and salads. The price of each item is based on the choice of chicken, pork carnitas , barbacoa , steak, tofu-based "sofritas", [ 116 ] [ 117 ] or vegetarian (with guacamole or queso, which would be at an extra charge otherwise).
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
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 ...
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 ...
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 ...
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