Chipotle Mexican Grill has reported strong earnings, beating estimates, as price hikes helped offset higher food costs. The stock price rose as a result. Chipotle is also planning to raise menu prices in California next year, following the approval of a $20 fast food minimum wage.
$MCD $CMG McDonald’s, Chipotle to hike menu prices after California Gov. Newsom approves $20 fast food minimum wage - Fox Biz https://t.co/fGrSA1bSjZ
McDonald's, Chipotle to raise menu prices in California next year as fast-food wages rise to $20 https://t.co/ryi3XqAINc
"Chipotle Will 'Definitely' Pass California Fast-Food Minimum-Wage Costs to Diners" https://t.co/SxoOTYZAhl https://t.co/oor9M7mnTL
$CMG (+4.1% pre) Chipotle stock rises after earnings beat as price hikes help offset higher food costs - Y Finance https://t.co/Op5k9xVtVe
Chipotle stock rises after earnings beat as price hikes help offset higher food costs https://t.co/mYIWnEyTbT by @BrookeDiPalma
Chipotle beats earnings as price hikes help offset higher food costs https://t.co/cbUObGqvRu by @BrookeDiPalma
Chipotle earnings: Stock pops as price hikes help offset higher food costs https://t.co/8MsgWBn85d by @BrookeDiPalma
Chipotle Mexican Grill easily tops earnings estimates, as price hikes help offset higher food prices https://t.co/nuYdAFvd7O
Chipotle earnings preview: investors are watching sales growth, price hikes https://t.co/lyRbGBSNac by @BrookeDiPalma