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Stockreport

Higher menu prices help Chipotle key sales figure [FOX Business Network]

CHIPOTLE MEXICAN GRILL (CMG)  More Company Research Source: FOX Business Network
Last chipotle mexican grill earnings: 4/25 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
PDF NEW YORK –   Chipotle, which has been struggling to turn its business around after a series of food safety scares, said a key sales figure rose in the fourth quarter as it raised menu prices and paid less for avocados. Continue Reading Below The burrito chain also said Tuesday that changes to the U.S. tax law will save it around $40 million to $50 million this year. It plans to spend some of that on its employees, by handing out one-time bonuses between $250 and $1,000 for restaurant workers, stock bonuses to its others employees and make changes to its benefits. Other companies, such as Starbucks, have done the same, citing the passage of the Republican tax plan, which slashed the corporate tax rate from 35 percent to 21 percent. Beyond changes to the tax law, larger employers are also having a hard time attracting and keeping workers because of historically low unemployment rates. Chipotle also said it is still on the hunt for its next CEO. Its current [Read more]

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