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Product Pricing

Kimberly Redmond | Equities.com |

Chipotle Mexican Grill has hiked its menu prices by roughly 4% to offset a recent bump in employee wages.

Brian Niccol, the fast-casual burrito chain’s chief executive officer, said Tuesday that while the company preferred not to raise its prices, “it made sense in this scenario to invest in our employees and get these restaurants staffed and make sure we had the pipeline of people to support our growth.”