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Chipotle would raise menu prices if federal minimum wage goes up to $15
April 23, 2021
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Guac won’t be the only thing Chipotle fans could be spending more per meal on if the federal minimum wage goes up to $15 an hour, the chain’s chief financial officer said.
Raising its minimum wage from $12 for its crew and $13 for hourly employees to the proposed $15 could result in menu pricing that would increase between 2% to 3%, Chipotle CFO Jack Hartung said on an earnings call earlier this week.
So eaters looking to buy an item like its Chicken Burrito, priced around $8.95, could see an $0.18 to $0.27 increase, not including the tax increase.