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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."
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.
Chipotle, which just announced price hikes, said it will charge even more at its California restaurants, blaming a new rule that raises minimum wages for fast food (and fast casual) workers in 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.
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 law’s new fast-food minimum wage of $20 an hour is $3 higher than what Chipotle previously paid workers at its 475 California locations and $4 higher than the Golden State’s current ...
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 ...
Today, at my local Chipotle, a burrito starts between $9.50 and $11.25, depending on the protein choice—and the price goes up even more if I add extras like guac or an extra tortilla.