Chipotle now has more demand from lower-income diners than higher-income ones
Published . Updated .
The fast-casual chain says menu-price increases helped results. It also noted rising beef costs and “higher protein usage” as people try to find ways to pack more protein into their diets.
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Price reaction, T-5 to T+3
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Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
The fast-casual chain says menu-price increases helped results. It also noted rising beef costs and “higher protein usage” as people try to find ways to pack more protein into their diets.
Source: MarketWatch
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12 out of 100
“Chipotle now has more demand from lower-income diners than higher-income ones” scores 12 out of 100. The score uses 1 sources.