Chipotle expects modestly higher sales this year as drive-thru ‘Chipotlanes’ come to more stores
AI Summary
Chipotle is forecasting a modest uptick in sales for the year, buoyed by expanding its popular "Chipotlanes" drive-thru service. The company credits menu-price hikes and rising beef costs for part of the increase, while also noting that consumers' preference for higher protein diets is driving greater protein usage. This strategic shift reflects a broader trend in the fast-casual sector, where companies adapt to changing consumer preferences and economic pressures.
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