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Chipotle Mexican Grill is about to report earnings. Here's what to expect

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The burrito chain Chipotle recently raised prices for the first time in over a year, citing inflation.

Chipotle's stock has climbed 30% this year, giving it a market value of $49.8 billion.Chipotle Mexican Grillraised prices for the first time in over a year, citing inflation.

Before the pandemic, Chipotle typically waited until December to hike prices, but higher labor and commodity costs pushed the chain to raise menu prices more aggressively in the past two years. The company backed off from price hikes earlier this year as consumers curbed restaurant spending.same-store sales growth in the low-to-mid single digit range for the quarter, while Wall Street is projecting 4.6% same-store sales growth, according to StreetAccount estimates.

 

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