Chipotle could combat inflation with more menu price increases [FOX Business Network]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: FOX Business Network
Jack Hartung, Chipotle's CFO, announces Chipotle's newest meaty addition of brisket to the menu. Jack also joins 'Cavuto: Coast to Coast' to discuss the rising prices of the menu to offset labor costs and Chipotle's core crowd. Chipotle Mexican Grill Inc. says it could raise prices even further to combat any inflationary pressures that would squeeze margins. The Denver-based burrito chain, like restaurants across the country, has over the past year grappled with higher food, labor and freight costs that are showing no signs of easing. Inflation during the third quarter was in the mid-single digits. Ticker Security Last Change Change % CMG CHIPOTLE MEXICAN GRILL, INC. Powered By "We traditionally always look at how we want to approach pricing for the next year in the fourth quarter," said Chipotle CEO Brian Niccol during the company's third-quarter earnings call on Thursday evening. "One of the things we're obviously evaluating is where is labor going to land, no
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News
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- Chipotle Mexican Grill (CMG) Reports Next Week: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
CMG
Earnings
- 2/6/24 - Beat
CMG
Sec Filings
- 4/8/24 - Form PRE
- 3/22/24 - Form 4
- 3/20/24 - Form 144
- CMG's page on the SEC website