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In the analyst report, the group found a 2% increase in menu prices across 20% of Chipotle restaurants surveyed. ... In the fast-casual chain’s 2024 third-quarter report, ...
Chipotle has raised its menu prices by about 2% in response to inflation, the company confirmed to USA TODAY Thursday. ... were 1.9% higher in October 2024 than October 2023 and are predicted to ...
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]
Image source: The Motley Fool. Chipotle Mexican Grill (NYSE: CMG) Q3 2024 Earnings Call Oct 29, 2024, 4:30 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
The Chipotle model is simple: Open more stores, increase customer traffic, and increase menu prices. This all leads to revenue and profit growth. ... Where Chipotle finishes at the end of 2024 is ...
However, the United States Court of Appeals for the Ninth Circuit ruled in favor of Antonietti, and ordered Chipotle to lower the height of their counters. [2] Since immigrating to the United States in 1990, Antoninetti has filed lawsuits against over 20 businesses over service quality, only one of which he ever visited afterward.
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 ...