Retail

Chipotle hikes prices to cover the cost of raising wages

0


A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California.

Patrick T. Fallon | Bloomberg | Getty Images

Chipotle Mexican Grill has hiked menu prices by roughly 4% to cover the cost of raising its workers’ wages.

Across the restaurant industry, chains such as Chipotle, Starbucks and McDonald’s have been increasing hourly pay for employees of company-owned locations in a bid to attract new workers and retain their current ones. Consumer demand has come roaring back for restaurant meals, but the workforce has been slower to return, pushing eateries to sweeten the deal. In May, the leisure and hospitality industries added 292,000 jobs, but…



Source cnbc.com

0 0 votes
Article Rating

Wendy’s joins GameStop, AMC as latest meme stock. How to play it

Previous article

Stock futures are flat as S&P 500 remains range-bound near record

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail