Chipotle Mexican Grill to raise menu prices in U.S. Northeast and Southeast in coming weeks; changes in other markets to follow, says company

Yohana Valdez

Yohana Valdez

Jun 28, 2011 – Industry Intelligence

LOS ANGELES , June 28, 2011 () –
Chipotle Mexican Grill Inc. says it will raise menu prices for the first time in three years in the Northeast and Southeast in the coming weeks. The company says changes in other markets will follow, Dow Jones reported June 27.

Although the company had not expected to raise prices until the second half of the year, it has experienced greater pressure recently due to high commodity costs, particularly for beef, and immigration probes at several of its stores.

Food costs will comprise 32% to 35% of overall costs, a rise from 32% in the first quarter.

Chipotle’s restaurant-level operating margin dropped to 25.2% from 26.1% in the first quarter.

Food inflation is expected to continue rising in 2012, say experts.

The primary source of this article is Dow Jones, New York, New York, on June 27, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.