prices simply went up at Chipotle NY city eating places, the company stated Wednesday.
A 5% increase implies that an entrée will price 25 or 30 cents extra on the burrito chain’s 58 ny places, spokesperson Chris Arnold informed CNNMoney.
more than 440 other Chipotle ( eating places across the us saw identical worth increases in April. )
the company operates a total of roughly 2,300 outlets in the united states — this means that prices at most of the Chipotle’s locations have held consistent.
related: KFC promises to ditch antibiotic-laden hen
Arnold stated the company has no plans to roll out a nationwide worth hike.
After a brutal year couple of years, Chipotle’s stock has finally turned round. Its stock is up 28.eight% thus far this yr.
In 2014 and 2015, its shares plunged 27.3% and 21.4% respectively, after a collection of food security scares damage sales.
it began with a 2015 E. coli outbreak that was linked to the restaurant. The federal food and Drug Administration has given that given Chipotle the all-clear, however some clients remain cautious.
nonetheless, the company posted superior-than-anticipated gross sales in its newest income record, issued in April.
Chipotle’s elevating costs come as the price of avocados continues to climb, and the company is going through a labor lawsuit from staff that declare they’re owed again pay.
CNNMoney (new york) First printed could 10, 2017: 5:00 PM ET
newest monetary news – CNNMoney.com