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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 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 2025, Chipotle plans to open 315 to 345 new company-operated restaurants, with 80% featuring a “Chipotlane,” the brand’s digital order drive-thru pickup lane. This article was originally ...
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 ...
Captain D's – a chain of fast-casual restaurants in the United States specializing in fish and chips and other seafood; H. Salt Esquire – a California fast food chain that specializes in fish and chips; Ivar's - a chain based in Seattle; some are full-service restaurants, some are stand-up bars, some are in malls, and some are fast-food ...
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In the first quarter of 2022, Chipotle reportedly raised its prices by 4 per cent on top of another increase back in June 2021, which according to the company, was done to offset increasing ...
To cover that wage hike, Chipotle may have to raise its menu prices across all of its 3,400 restaurants by 80 to 100-plus basis points, Hartung told investors. And this likely won’t just be a ...