Chipotle Mexican Grill(NYSE: CMG) Assessing Further Price Increases

Chipotle Mexican Grill expects to increase prices again this year, but how much to compensate for higher wages in California remains the wild card. The burrito chain says on a 4Q call that it expects prices to be 2.5% to 3% higher in its current 1Q, but hasn’t decided on the rest of the year. Chipotle says around 15% of its restaurants are in California, where fast-food wages for chains will rise to at least $20 an hour in April.

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