A Heard on the Call report following third-quarter earnings
Higher menu prices have helped offset rising food costs for Chipotle Mexican Grill, and customers have shown no pushback when asked to pay more, chain officials said Thursday. The Denver-based fast-casual chain reported a 25-percent boost in profits for the quarter. In a call with analysts following the report, Chipotle founder and co-chief executive Steve Ells said of the 11.3-percent increase in same-store sales during the quarter that about 4.6 percent was attributable to menu price ...
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Contact: Desiree Torres Desiree.Torres@penton.com