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Chipotle Mexican Grill's food prices are increasing by approximately 2% to offset inflation costs, ... This is the fifth menu price increase since June 2021, ...
Chipotle said in its third quarter earnings call in October that food, beverage and packaging costs in the third quarter of 2024 were 30.6% of total revenue, an increase from 29.7% in the third ...
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 ...
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.
In April 2014, Chipotle announced an increase in menu prices for the first time in nearly three years, due to increasing costs for steak, avocados, and cheese. The price increase was expected to be rolled out from the end of second quarter of 2014 through the end of the third quarter. [39]
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 ...
Chipotle revealed the price increase after an analyst report released earlier this week by investment bank Truist Securities noted a 2% price increase at approximately 20% of the chain’s 3,500 U ...
This will be the fourth price increase since June 2021, when the chain unveiled a roughly 4% price hike after announcing that it would be raising workers’ wages.