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Chipotle stock soars after chain reveals menu price increases will reach 3% in fourth quarter as costs climb
Source: nypost.com
Corporate EarningsConsumer Demand & RetailCompany FundamentalsInflation
Chipotle shares surged after the chain reported improving sales and said it plans roughly 3% menu price increases in the fourth quarter. The hikes are intended to address rising beef, freight and labor costs; the article does not specify the share-price gain or sales growth.
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