McDonald's to Increase Wages as Job Market Tightens: Live Updates [New York Times, The]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: New York Times, The
The company said it would increase hourly wages for current employees by an average of 10 percent and that the entry-level wage for new employees would rise to $11 to $17 an hour, based on the location of the restaurant. The pay increases do not affect the 95 percent of the nearly 14,000 restaurants in the United States that are independently owned, only the 650 company-owned restaurants. Responding to a tight job market and echoing a move earlier this week by the burrito chain Chipotle , McDonald's said it hoped the higher pay would attract as many as 10,000 new employees in the next three months, as the busy summer season approaches and dine-in restrictions are removed at many of its restaurants. At its company-owned restaurants, McDonald's said the average employee wage would increase to $13 an hour, with some restaurants achieving an average wage of $15 an hour later this year. All company-owned restaurants expected to be at an average salary of $15 by 2024, the company not
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News
- Billionaire Bill Ackman Has 70% of His $10 Billion Portfolio in Just 4 Stocks [Yahoo! Finance]Yahoo! Finance
- Higher prices on the menu as fast-food chains brace for California's big minimum wage jump [Yahoo! Finance]Yahoo! Finance
- Higher prices on the menu as fast-food chains brace for California's big minimum wage jump [Los Angeles Times (CA)]Los Angeles Times
- A beloved Beverly Hills burger joint mysteriously closed 27 years ago. What happened? [Los Angeles Times (CA)]Los Angeles Times
- Chipotle (CMG) Rose Due to its Focus on Exceptional Food and Operational Excellence [Yahoo! Finance]Yahoo! Finance
CMG
Earnings
- 2/6/24 - Beat
CMG
Sec Filings
- 3/22/24 - Form 4
- 3/20/24 - Form 144
- 3/20/24 - Form 8-K
- CMG's page on the SEC website