The fresh Mexican fusion chain will alter prices for the first time in a while.
is so beloved in the U.S. is because it's reliable and quick with a consistently fresh menu and a laid back atmosphere.
Chipotle retains its desirability among such fierce competition by sticking to what it knows. It plays the hits and the hits only. It rarely gets fancy with ingredients customers have never heard about. It never strays from the roughly Mexican fusion fare that propelled it to success in the first place. And it gives customers the illusion of choice and customization without having to stock dozens of disparate and fussy ingredients that spoil quickly and cost a fortune.
Still, despite its financial success over the past 10 months, Chipotle isn't immune to market fluctuations and customer pullback. The September Consumer Price Index , which was released on Thursday, indicated that the cost of food is up 3.7% compared to a year ago. Food away from home, such as takeout from Chipotle, is up a whopping 6% compared to the period from a year ago.
“For the first time in over a year, we will be taking a modest price increase to offset inflation,” Chipotle Chief Corporate Affairs Officer Laurie Schalow said on Wednesday.AUSTIN, TEXAS - APRIL 26: An employee prepares food at a Chipotle Mexican Grill restaurant on April 26, 2023 in Austin, Texas. Chipotle Mexican Grill posted strong quarterly earnings. Chipotle shares climbed as same-store sales rose 10.9%. Brandon Bell/Getty ImagesCurrently, a standard steak burrito costs $10.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chipotle plans price increases after pausing hikes this yearChipotle had paused price hikes for more than a year after three rounds of raising menu prices in 13 months.
Lire la suite »
Chipotle plans price increases after pausing hikes this yearChipotle had paused price hikes for more than a year after three rounds of raising menu prices in 13 months.
Lire la suite »
Chipotle plans price increases after pausing hikes this yearChipotle had paused price hikes for more than a year after three rounds of raising menu prices in 13 months.
Lire la suite »
Chipotle plans to raise menu prices againChipotle is raising its prices for the fourth time in the last two years.
Lire la suite »
Chipotle Is Raising Prices AgainChrissy Callahan covers a range of topics for TODAY.com, including fashion, beauty, pop culture and food. In her free time, she enjoys traveling, watching bad reality TV and consuming copious amounts of cookie dough.
Lire la suite »