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But the fast-casual chain's latest announcement is hardly likely to excite customers. Soon enough, Chipotle will be raising its prices, making this the fourth price hike in just two years.
Chipotle’s new chief executive is Scott Boatwright, a familiar face and name, given that he’s served as the interim CEO since August following former CEO Brian Niccol’s surprise decision to ...
Chipotle, founded by Steve Ells, opened its doors 30 years ago on July 13, 1993, on Evans Avenue in Denver, Colo. Hartung wasn’t there yet as he joined in 2002.
It should be noted that most major fast-food chains, Chipotle included, have raised their prices over the past decade at nearly double the rate of inflation, according to FinanceBuzz. Nikki H. / Yelp
The market's reaction to the news could not be more different for the two companies' share prices. Starbucks' stock jumped nearly 22% in a day while shares of Chipotle fell more than 12%.
Chipotle is accused of violating federal labor law by telling employees in Lansing, Michigan, that the company could not give them raises granted other employees because they had unionized, and ...
"Some bad news this morning for Chipotle customers," she opened in the clip. "The burrito chain announced Wednesday that it has raised prices by about 2%. The company says inflation is to blame."
In fact, even if we assume Chipotle can grow EPS by 21% annually through 2030 -- which is a lofty forecast, in my opinion -- then the stock still trades at 15 times 2030 estimated EPS of $3.38.