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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.
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.
Chipotle's last increase looked like a $1 spike or more for menu items, while the chain also increased prices 3.5 to 4 percent in June 2021 and around 4 percent once again in the first quarter of ...
Chipotle Mexican Grill, Inc. (/ tʃ ɪ ˈ p oʊ t l eɪ /, chih-POAT-lay), [3] often known simply as Chipotle, is an international chain of fast casual restaurants specializing in Tex-Mex cuisine salads, 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]
The last time Chipotle increased its prices was back in August 2022, when customers ended up paying $1 or more extra for the same menu items as before. ... Chipotle reported a 13.6% increase in ...
On the same day, however, GameStop said it planned to open 65 new Technology Brand stores and 35 Collectibles stores due to a 44% and 28% increase in sales, respectively. [73] GameStop's total revenue fell 7.6% to $3.06 billion in the quarter ended February 2, 2018. [74]
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