Chipotle expects higher sales, but cost concerns loom

2021-07-21

The return of lunch business and continued off-premises sales have sparked optimism from Chipotle Mexican Grill CEO Brian Niccol, who plans to grow the chain to 6,000 units in North America. The company expects double-digit sales growth in the third quarter, but finance chief Jack Hartung expressed concern about food and freight costs, despite recent menu price increases meant to offset rising costs.

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