Chipotle is raising US prices after promising bigger portions ...Middle East

Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes. Chipotle’s chief corporate affairs officer, Laurie Schalow, confirmed Friday that the Mexican restaurant chain was implementing a 2% price increase nationally. Schalow said it’s the first time the California-based company has raised its prices in more than a year. Chipotle revealed the price increase after an analyst report released earlier this week by investment bank Truist Securities noted a 2% price increase at approximately 20% of the chain’s 3,500 U.S. stores. Truist, which raised its price target for Chipotle’s shares, also reported that customer traffic at the chain’s r

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Chipotle is raising US prices after promising bigger portions ...Middle East

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