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in /food 16 days ago

Chipotle CEO Sets Stage For Price Hikes

Chipotle CEO Reveals Customers Have Money, Sets Stage For Price Hikes | ZeroHedge - Featured Image

Chipotle CEO Reveals Customers Have Money, Sets Stage For Price Hikes | ZeroHedge

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TLDR

Chipotle CEO Scott Boatwright revealed during an earnings call that 60% of the company's core users have an average household income of over $100,000 a year, suggesting that the company can increase prices without losing customers. This statement has sparked outrage on social media, especially as the Trump administration is pushing for affordability.

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