Restaurants are short on staff. Chipotle says raising wages helps [CNN]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: CNN
Across the country, restaurants are struggling to hire staff as they try to return to normal and employees quit at elevated levels. In a bid to woo workers, Chipotle has increased the pay of its restaurant workers by about $2 per hour to an average of $15. The higher wages and other efforts have "worked very well," said CEO Brian Niccol during a Tuesday analyst call discussing the company's second quarter results. "We're in a really good labor spot," Niccol said. "We've made tremendous progress on what was really a difficult situation," in February and March, he said. "But now our hiring is caught up." Chipotle explained in May that the pay bump means workers earn between $11 and $18 an hour. That still leaves some workers below the $15 minimum supported by labor advocates and the President Chipotle may also have to do some damage control when it comes to its reputation as an employer: In April, New York City accused the company of hundreds of thousands of violations of a law
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News
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- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its price target raised by analysts at BTIG Research from $2,750.00 to $3,250.00. They now have a "buy" rating on the stock.MarketBeat
- Stock-Split Watch: Are These 2 Top Growth Stocks Next? [Yahoo! Finance]Yahoo! Finance
- Forget Chipotle Mexican Grill: These 2 Potential Stock-Split Stocks Are Considerably Cheaper [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
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