The new quiet luxury is burgers and fries: Over 60% of Americans are buying less fast food because it's just too expensive, survey finds [Yahoo! Finance]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: Yahoo! Finance
The vast majority of Americans now find fast food way too expensive, dubbing it a “luxury,” a new report found. Of 2,000 American adults, 78% considered fast food a luxury because of its price tag, loan marketplace LendingTree found in a survey released Monday, using data from QuestionPro commissioned by ValuePenguin. Half of respondents said their own stretched financial situation made fast food feel like a luxury, and more than six in 10 said they had cut down on fast food because of rising prices. “Fast food often isn't this quick, cheap option anymore,” LendingTree chief credit analyst Matt Schulz told Fortune over email. “People are having sticker shock at the drive-thru, causing them to rethink how often they eat fast food.” Respondents participated in the survey in early April—the same time California's $20 minimum wage law for fast-food workers went into effect, causing chains like Chipotle to threaten 6%–7% increases in menu price. Even before the minimum wage law was e
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CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 6/14/24 - Form 4
- 6/13/24 - Form 144
- 6/10/24 - Form SC
- CMG's page on the SEC website