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How Much Is Chipotle Raising Prices? All across America, everything at Chipotle is going to cost 2% more now. Burritos, tacos, quesadillas, the whole shebang.
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.
Prices for beef, however, were 1.9% higher in October 2024 than October 2023 and are predicted to increase faster than most meat categories due to "tight supplies and continued demand."
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 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]
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 ...
Niccol left Chipotle in September to become the chairman and CEO of Starbucks, which has said it won't raise prices through September 2025. Restaurant price inflation has aggravated U.S. consumers.