Chipotle exec says restaurant sales 'down for everybody' because of inflation
Chipotle President Jack Hartung said that California consumers are spending less because of inflation – and insisted that its price hikes after the state’s new $20 minimum wage went into effect wasn’t a factor for a drop in sales.
“Frankly, our read on California is less about resistance to our pricing, and it’s more of a macro impact because when you look at the restaurant industry, the restaurant transactions are down for everybody.” “We don’t want just some people to enjoy Chipotle,” Hartung said. “We want everyone to be able to enjoy Chipotle.”
California Chipotle Mexican Grill Inflation Minimum Wage
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