By Syndicated Content
By Praveen Paramasivam and Hilary Russ
(Reuters) â Chipotle Mexican Grill Inc beat estimates for comparable quarterly sales on Tuesday but warned that higher beef and freight costs will offset the benefit of menu prices hikes.
Restaurants have been plagued by outages of everything from green tea to paper bags, as well as labor shortages, as the U.S. economy has reopened following pandemic-related lockdowns.
In the current quarter, commodity costs and staffing shortages at suppliers will mostly cancel out the 3.5% to 4% menu price increase originally implemented to pay for higher wages, Chief Financial Officer Jack Hartung said in a call with analysts.
7/20/2021
By Praveen Paramasivam and Hilary Russ
July 20 (Reuters) - Chipotle Mexican Grill Inc beat
estimates for earnings and comparable quarterly sales on Tuesday
but warned that higher beef and freight costs will offset the
benefit of menu prices hikes in the near term.
Restaurants have been plagued by outages of everything from
green tea to paper bags, as well as labor shortages, as the U.S.
economy has reopened following pandemic-related lockdowns.
In the current quarter, commodity costs and staffing
shortages at suppliers will mostly cancel out the 3.5% to 4%
menu price increase originally implemented to pay for higher
wages, Chief Financial Officer Jack Hartung said in a call with
7/20/2021
By Praveen Paramasivam and Hilary Russ
July 20 (Reuters) - Chipotle Mexican Grill Inc beat
estimates for comparable quarterly sales on Tuesday but warned
that higher beef and freight costs will offset the benefit of
menu prices hikes.
Restaurants have been plagued by outages of everything from
green tea to paper bags, as well as labor shortages, as the U.S.
economy has reopened following pandemic-related lockdowns.
In the current quarter, commodity costs and staffing
shortages at suppliers will mostly cancel out the 3.5% to 4%
menu price increase originally implemented to pay for higher
wages, Chief Financial Officer Jack Hartung said in a call with
Свидетельство о регистрации СМИ ЭЛ № ФС 77 – 65733 выдано Роскомнадзором 20.05.2016.
В России признаны экстремистскими и запрещены организации «Национал-большевистская партия», «Свидетели Иеговы»,
«Армия воли народа», «Русский общенациональный союз», «Движение против нелегальной иммиграции», «Правый сектор»,
УНА-УНСО, УПА, «Тризуб им. Степана Бандеры», «Мизантропик дивижн», «Меджлис крымскотатарского народа»,
движение «Артподготовка», общероссийская политическая партия «Воля». Признаны террористическими и запрещены:
«Движение Талибан», «
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