Higher minimum wage in California put pressure on Chipotle Mexican Grill (CMG) as consumers pushed back on higher menu prices. Yahoo Finance Senior Reporter ...
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.Diving deeper into what the Burrito chain said about the impact of higher minimum wage specifically in the state of California .
So consumers are really taking these higher prices and then not going out as much as they were before.He said, Mattie, that Chipotle being said, if it has great operations, it can give you a customizable co uh quality meal that's B for your buck here and those fast experience, they really hone in on getting through that line really fast, then they'll be able to win and competition no matter you know, what economic challenges comes its way.
What we've heard so far is like Jack said across the board, customers are pushing back and we did ask Domino's Pizza, Ceo Russell Weiner earlier this week, what he's seeing in the state, he said that they have not had to close locations so far.But he did say that with higher prices, you're going to get less orders in the near term when you tend to increase prices.We did hear from one specifically, uh from M Donald.
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