Chipotle's CEO isn't worried about raising prices—most of his customers make more than $100k anyway [Fortune]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: Fortune
Recommended Video The burrito giant plans to increase prices 1% to 2%, a slower pace than inflation, over the next year, the company shared in its earnings presentation last week, with Boatwright telling investors on the earnings call that he was surprised by Chipotle's affluent, digital native customer base. As 2026 gathers steam, Boatwright is steering into this clientele. Chipotle's wealthier customers can afford the price hikes, in short. “They're still spending in this tough economy,” Boatwright said in an interview with Yahoo Finance on Monday. “So we're gonna lean into those consumers with brand innovation, menu innovation, and really give them more compelling reasons to come in.” A week earlier on the earnings call, Boatwright said the “momentum we saw in early January” gave Chipotle “confidence that the strategy is exactly what our customer is looking for.” The company has previously noted a pullback in all customers, particularly among those who are earning less O
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CMG
News
- Chipotle CEO: Here's why we won't do a McDonald's-style dollar menu [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chipotle Mexican Grill (NYSE:CMG) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Chipotle CEO fights back after online uproar over its wealthy customers [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chipotle aims to open 370 new restaurants globally in 2026: CEO [Yahoo! Finance]Yahoo! Finance
- Chipotle CEO: Here's why we are testing a happy hour [Yahoo! Finance Canada]Yahoo! Finance Canada
CMG
Earnings
- 2/3/26 - Beat
CMG
Sec Filings
- 2/10/26 - Form 4
- 2/10/26 - Form 4
- 2/10/26 - Form 4
- CMG's page on the SEC website