date:Apr 22, 2014
A surge in costs for beef, cheese and avocados underpins Chipotle Mexican Grills plans for a menu price hike later this year.
It has been nearly three years since our last company-wide price increase, and while we want to remain accessible to our customers, we are at a point where we need to pass along these rapidly rising food costs, said Jack Hartung, chief financial officer, during an April 17 call with financial analysts to discuss first-quarter earnings. We are currently reviewing our menu