A nickle on a burrito?……
Say it ain’t so!
The CEO of Chipotle was compensated $33.5 Million in 2018 and Trump’s tariffs are a problem?
Hmmmmmm…..I wonder what the CEO’s pay package costs are per burrito?
Maybe Chipotle oughta sort out their e-coli problem before they start blaming tariffs for anything!
source: Yahoo Finance
Looming tariffs on Mexican goods could mean higher prices for food at Chipotle (CMG).
If Trump’s threatened tariffs on Mexican goods go into effect, it would cost the company $15 million this year and reduce margins by 20 to 30 basis points, the company reported.
“If the tariffs become permanent, we would look to offset these costs through other margin improvement efforts already underway…………We could also consider passing on these costs through a modest price increase, such as about a nickel on a burrito, which would cover the increased cost without impacting our strong value proposition.”Jack Hartung