Chipotle says more price increases on the way
July 27, 2022
Chipotle said it would raise prices again in August after reporting disappointing sales in the second quarter. Earnings per share were $9.30, better than the $9.04 expected by Wall Street. “The low-income consumer definitely has pulled back their purchase frequency,” CEO Brian Niccol said. “Fortunately for Chipotle, you know, the majority of our customers are a higher household income consumer.”
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