Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes. Chipotle’s chief corporate affairs officer, Laurie Schalow, confirmed Friday that the Mexican restaurant chain was implementing a 2% price increase nationally. Chipotle revealed the price increase after an analyst report released earlier this week by investment bank Truist Securities noted a …
After receiving countless customer complaints on social media regarding its inadequate portion sizes, Chipotle has confirmed that it has since been serving “consistent and generous portions” and prioritizing consumer needs. Back in July, former Chipotle chairman and CEO Brian Niccol — who is now at Starbucks — said the complaints have forced the company to reemphasize “training and coaching around …
An outbreak of African swine fever in China and other Asian nations could lead to higher pork prices. BMO Capital markets analyst Andrew Strelzik downgraded Chipotle’s stock to an “underperform” – basically a sell – due to worries that Chipotle will have to pay more for pork if the highly contagious and lethal African swine fever is not contained. “The …
