Chipotle's new chief finance officer Adam Rymer has stated that while he aims to keep prices affordable for cash-strapped customers, increasing costs could lead to higher prices.
Chipotle's sales have demonstrated resilience, with a reported 6% increase in same-store sales in the last quarter, despite the overall inflationary pressures affecting the fast food sector.
Rymer emphasized that even with the potential price increases, Chipotle still offers greater value compared to other fast food alternatives, which have raised prices significantly.
The company has not set a timeline for any potential price increases, nor disclosed how substantial those increases would be, as costs for key ingredients continue to rise.
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