Your favorite burritos are getting more expensive. 🌯
will stay the course with its strategy of higher pricing as customers continue to come back for more, according to the chain's latest earnings call.
The fast-casual said it expects its menu prices to increase by 4% in August and by the end of 2022, your go-to burrito bowl will be about 20% more expensive than in 2020, according to Meanwhile, the chain's revenue grew 17% in the most recent quarter with the help of dine-in sales, which increased by almost 40% as diners returned to restaurants in the post-pandemic era.6254a4d1642c605c54bf1cab17d50f1e
So why is Chipotle increasing prices again? The move is intended to offset continued inflationary pressures related to the cost of ingredients. Avocados, dairy, beef, chicken, and even the company's packaging have all continued to go up in price, CFO Jack Hartung said on the July 27
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