Chipotle raising prices as steak, avocados, cheese costs rise
date:Apr 18, 2014
stions from analysts. We have built up quite a bit of permission to raise prices. We won't cash in on all of that pricing ability right now, so we will still have some in the bank.

Chipotle's first-quarter net income rose 8.5 percent to $83.1 million, or $2.64 per share.

Based on last quarter's strong results, the chain raised its forecast for sales at restaurants open at least 13 months to call for an increase in the high-single-digit percentage range, excluding any menu price increases.

Its
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