Chipotle Mexican Grill is jacking up its menu prices, citing higher costs linked tosurging inflation. The restaurant chain plans to raise prices a little more than 6% this year, CEO Brian Niccol told Wall Street analysts in an earnings call on Tuesday. Chipotle also hiked its prices by 4% i...
McDonald’sandChipotle Mexican Grillwill raise their menu prices in California next year to offset the state’s minimum wage increase for fast-food workers, executives said as both chainsannounced quarterly earningsin recent days. McDonald’s has not decided how much it will hike pric...
Comparable restaurant sales were fairly consistent in each month of Q4 due to a combination of factors, including healthy demand for Carne Asada, strength in our digital platform, and the delivery menu price increase. Q1 has also started on a very positive note with comparable restaurant sales fo...
Starbucks’ surging share price also reflects thedisastrous512-daytenureof Laxman Narasimhan, itsdepartingboss. Heinheriteda business struggling with anexcessivelylong menu and inefficient stores. In the 2006 film “The Devil Wears Prada”, Anne Hathaway is tasked with collecting a “no foam skimmed ...
“We don’t have any plans for across the board menu increases in 2015,” but the chain is open to considering a targeted price increase for steak and perhaps its barbacoa product, he added. A previous nationwide price increase that rolled out during the second quarter helped fuel the burrit...
an increase of about 90 basis points from last year. The benefit of last year's menu price increase was more than offset by inflation across several items, most notably avocados and dairy, as well as higher usage as we focused on ensuring consistent and generous portions, and the mix impact...
Food cost for the quarter were 33.2%, a decrease of 20 basis points from last year due primarily to a menu price increase that was partially offset by higher cost of several ingredients. ON sequential basis, avocado pricing moderated as we expected. This was the result of sourcing more supp...
34 Wall Street analysts have issued ratings. Currently, 23 analysts rated CMG as Bullish, 1 rated it Bearish, and 10 rated it Neutral. This suggests a possible increase. ViewCMG’s analyst predictions.11 Seeking Alpha authors also rated the stock, and their ratings often outperform those of ...
“But to take care of the dollar cost of that and/or the margin part of that … it’s going to be a mid- to high single-digit price increase,” he said. “We are definitely going to pass this on.” A company spokesperson later told CNN that Chipotle hadn’t yet decided whether...
Mexico is a major exporter of avocados and other agricultural products that are important to Chipotle’s menu. Ad Feedback Hartung said that “we could easily solve the volatility in our supply chain by purchasing pre-mashed or processed avocados which would be cheaper, readily available and prov...