Chipotle’s Q1 operating profit margin expanded to 15.5% from 9.4% a year ago as “Food costs benefited from menu price increases taken in the prior year and lower avocado prices…“

In other words, higher menu prices didn’t preserve profitability. They actually expanded margins. And customers paid for it.

For those catching up on this, read: tker.co/p/profit-margins-inflation-cont…

Profit margins are becoming a key controversial issue in the inflation discourse 🤬
Why are companies still charging high prices for stuff? 🤨
5
Likes
1
reply
1
Restack