Chipotle CEO says company will swallow increase in costs brought on by tariffs

Chipotle’s top executive says the Tex-Mex fast food chain has no plans to pass on the costs of tariffs to its customers.Scott Boatwright, the company CEO, told NBC News over the weekend that Chipotle’s menu prices will remain as they are despite the fact that the cost of goods is expected to rise if and when President Donald Trump’s tariffs go into effect.“It is our intent as we sit here today to absorb those costs,” Boatwright told NBC News. 4 Chipotle CEO Scott Boatwright pledged not to raise menu price ...