Chipotle keeping ‘a close eye' on customer behavior after raising menu prices, wages
Chipotle Mexican Grill(CMG) Fox Business·2024-05-02 10:26
Despite signs that Americans are still craving their favorite burrito bowls and willing to pay extra for guacamole, Chipotle is carefully watching consumer behavior amid higher labor and menu costs. "The [California] minimum wage, higher minimum wage just took effect earlier this month," CFO Jack Hartung said on "The Big Money Show," Tuesday."We did take a modest price increase of 6 to 7%. We've been watching the traffic since we took the price increase. We're not seeing anything yet, we're not seeing any c ...