Price Increases Not Impacting Chipotle's Sales, CEO Says

The transcript discusses Chipotle's strategies to manage inflation and rising costs without significantly increasing prices. It highlights the company's focus on customer retention, brand value, and menu innovation, including plant-based options. The discussion also covers store expansion plans, aiming to increase the number of locations to 7000 in the US and Canada.

What is the main concern for the company regarding inflation?

• Rising food and packaging costs

• Increasing employee wages

• Developing new menu items

• Expanding into new markets

How does the company plan to handle potential price increases?

• By closing underperforming stores

• By increasing marketing efforts

• By finding efficiencies in the business

• By reducing the quality of ingredients

What gives the company some pricing power according to the transcript?

• Its low-cost menu items

• Its strong brand and value proposition

• Its exclusive partnerships with suppliers

• Its extensive advertising campaigns

What is the company's approach to plant-based menu items?

• To replace all meat options with plant-based alternatives

• To offer a variety of choices including plant-based options

• To discontinue plant-based options due to low demand

• To focus solely on chicken-based dishes

What is the most popular protein on the company's menu?

• Chicken

• Beef

• Pork

• Tofu

What milestone did the company recently achieve in terms of store count?

• Opening its 7000th restaurant

• Opening its 3000th restaurant

• Opening its 5000th restaurant

• Opening its 1000th restaurant

What is the company's long-term goal for the number of restaurants in the US and Canada?

• 10000

• 5000

• 3000

• 7000