Chipotle Still Has Pricing Power, CFO Hartung Says

The transcript discusses the rising costs in the restaurant industry, focusing on how companies like Chipotle have managed pricing power and wage increases. It highlights the challenges of inflation and the potential for future price hikes. The discussion also contrasts the pricing strategies of franchise versus owned restaurants, emphasizing the impact of inflation on debt management.

What factors contributed to the decision to raise prices at Chipotle?

How did customers react to the price increase and wage adjustments?

What is the significance of the statement regarding the industry being used to tepid inflation?

What challenges do franchise organizations face compared to those that own all their restaurants?

Discuss the implications of labor being the pressure point in the restaurant industry.