McDonald's raises wages at company-owned restaurants [CNN]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: CNN
Entry-level employees will earn at least $11 to $17 an hour, the company said in a statement. Shift managers will earn at least $15 to $20 an hour. The company has already started implementing the increases and will continue to roll them out in the months ahead. Hourly wages should reach $15 on average at the restaurants by 2024, the company said. The increase will impact about 36,500 employees who work at McDonald's corporate-owned restaurants, which make up just 5% of its US stores. The remaining 95% of McDonald's US restaurants are owned and operated by franchisees, who can make their own decisions about wages. And the move falls short of the $15 minimum wage supported by President Joe Biden, many congressional Democrats and labor activists. As restaurants reopen their dining rooms, they are ramping up hiring efforts. McDonald's wants to hire about 10,000 employees at its company-owned restaurants this summer, the company said. That could be challenging. Restaurants ac
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CMG
News
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its price target raised by analysts at Citigroup Inc. from $3,358.00 to $3,369.00. They now have a "buy" rating on the stock.MarketBeat
- Cramer praises companies like Chipotle that can grow despite a slowing economy and inflation [CNBC]CNBC
- Chipotle (CMG) Shares Skyrocket, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- Chipotle (CMG) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- 3 Reasons Growth Investors Will Love Chipotle (CMG) [Yahoo! Finance]Yahoo! Finance
CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/23/24 - Form ARS
- CMG's page on the SEC website