Chipotle Price Increase 2024 Update. The increase in total revenue was driven by new restaurant openings. Total revenue in the second quarter was $3.0 billion, an increase of 18.2% compared to the second quarter of 2023.
Chipotle raised its menu prices by about 3.5% to 4% to cover the cost of higher wages for employees, the company’s chief financial officer john hartung said tuesday. Total revenue in the second quarter was $3.0 billion, an increase of 18.2% compared to the second quarter of 2023.
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Chipotle stock price can set a new alltime high in 2024, This will be the fourth price increase since june 2021, when the chain unveiled a roughly 4% price hike after announcing that it would be raising workers’ wages.
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Chipotle An Impressive Digital Growth But Expensively Priced (NYSECMG, The increase in total revenue was driven by new restaurant openings.
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Chipotle price hikes drive profit growth and the chain says more, Total revenue in the second quarter was $3.0 billion, an increase of 18.2% compared to the second quarter of 2023.