Consumers push back on rising Chipotle prices in California
Higher minimum wage in California put pressure on Chipotle Mexican Grill (CMG) as consumers pushed back on higher menu prices.
Yahoo Finance Senior Reporter Brooke DiPalma breaks down how the California FAST Act impacted the burrito chain's pricing and how it could win back consumers struggling with the effects of inflation, as well as how other fast-food brands like McDonald's (MCD) and Domino's Pizza (DPZ) are managing these challenges.
Chipotle CFO Jack Hartung sat down with Yahoo Finance earlier today to discuss the fast-casual restaurant's recent earnings results, pricing pressures on its menu offerings, and what consumers are thinking of the chain's portions.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Melanie Riehl