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Chipotle CEO says the chain is tackling one of its biggest problems
['July', 'Min Read']
Yahoo Finance
Chipotle (CMG) CEO Scott Boatwright has pretty much declared victory in overcoming one of the burrito chain's biggest gripes among customers: that the food has gotten too expensive after several years of price increases.
I think we're making meaningful progress as it relates to value at Chipotle," Boatwright told Wall Street analysts on a late Wednesday earnings call.
Boatwright even said in May that consumers should just "ask for more" food if they think they have been shortchanged.
The byproduct of the efforts is a more classic (aka solid) Chipotle earnings report, though not as sizzling as the chain's heydays.
Management also raised its full-year outlook, now forecasting low-single-digit comparable sales growth, up from its prior expectation of flat growth.