News Formal

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

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chipotle earnings: What to expectChipotle reports third-quarter results amid concerns about consumer spending
Source: MarketWatch - 🏆 3. / 97 Read more »

Mexican Peso counterattacks amid resilient job market shrugs off upbeat US GDPMexican Peso (MXN) climbs against the US Dollar (USD) on Thursday, trimming some of the last two days' losses after economic data from Mexico showed t
Source: FXStreetNews - 🏆 14. / 72 Read more »