date:Apr 22, 2014
e estimated its food costs at nearly 36% of revenue in April and growing in the coming quarters.
And while we havent felt the effects of the recent hog virus on the supply of pork, supply challenges and pricing pressure may happen later this year, Mr. Hartung added.
The burrito chains efforts to remove bioengineered ingredients from its menu items figures into the higher food costs, too. The company previously said it pays more for oil since transitioning from soy to non-bioengineered sunflowe