Holy Guacamole! Popular fast-food chain to raise prices

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Grocery shoppers aren’t the only ones seeing a surge in food prices.

A popular fast-food chain is feeling the pinch, too, and plans to pass along some of its increased costs to customers soon for the first time in three years.

Chipotle announced on its first quarter earnings call Thursday that prices for all its menu items will go up for the first time in three years.

The price increases will go into effect over the next three to six months.

Customers will see the increases this quarter when the company begins rolling out new menus.

It its last report, Chipotle blamed a drop in margins in part to higher food costs for beer, avocados and cheese.

Chipotle expects to open 180 to 195 restaurants this year.

Latest News

More News

National News

More National

Washington D.C.

More Washington DC Bureau

Your Local Election HQ

More Your Local Election HQ

Latest News

More News

Popular

KFOR Podcasts

More Podcasts

Follow @KFOR on Twitter