
Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes. Chipotle’s chief corporate affairs officer, Laurie Schalow, confirmed Friday that the Mexican restaurant chain was implementing a 2% price increase nationally. Schalow said it’s the first time the California-based company has raised its prices in more than a year. Chipotle revealed the price increase after an analyst report released earlier this week by investment bank Truist Securities noted a 2% price increase at approximately 20% of the chain’s 3,500 U.S. stores. Truist, which raised its price target for Chipotle’s shares, also reported that customer traffic at the chain’s restaurants accelerated in November. Chipotle said in October that its food, beverage and packaging costs all increased in the third quarter. It cited avocados as an example. Avocado shipments from Mexico to the U.S. were briefly suspended in June after two U.S. Department of Agriculture employees were assaulted and temporarily held by assailants in the Mexican state of Michoacan. Chipotle also cited the cost of ensuring it was providing “consistent and generous portions” to its customers. Former Chairman and CEO Brian Niccol said in July that Chipotle was retraining workers at approximately 10% of Chipotle’s stores after customers complained on social media that they were getting smaller portions. Niccol left Chipotle in September to become the chairman and CEO of Starbucks, which has said it won’t raise prices through September 2025. Restaurant price inflation has aggravated U.S. consumers. The price of food eaten away from home rose 30% between October 2019 and October 2024, according to government figures. The price of food eaten at home rose 27% in that same period. Earlier this year, McDonald’s said it was seeing more customers eat at home instead of getting fast food because of price increases. The company responded with a $5 meal deal and other discounts. He’s one of the most famous corporate leaders in the Chipotle is raising its U.S. prices to offset inflation and The U.S. government on Friday ordered testing of the nation's A 7.0 magnitude earthquake shook a large area of NorthernSports on TV Monday, Dec. 16Neal Maupay: Whenever I’m having a bad day I check Everton score and smile
Neal Maupay: Whenever I’m having a bad day I check Everton score and smile
Prime Minister Narendra Modi urged Indian states to foster environments conducive to the growth of start-ups and to address societal challenges like obesity, during the fourth national conference of chief secretaries. He encouraged reforms aimed at citizen engagement and highlighted the need for transparency in government initiatives. Modi emphasized the transformation into a 'Viksit Bharat' by addressing health challenges, leveraging technology, and fostering economic growth through entrepreneurship. The conference also discussed strategic themes such as urban development, renewable energy, and the circular economy, underscoring a collaborative approach for advancing India's service and non-farm rural sectors, while encouraging women-led development. (With inputs from agencies.)F.P. Report ISLAMABAD: Hafiz Naeem Ur Rehman, the Emir of Jamaat-e-Islami Pakistan, called on Pakistan Tehreek-e-Insaf (PTI) founder, Imran Khan, to publicly declare that he does not recognize Israel. Speaking at the Solidarity with Palestine Million March on Sunday at Jinnah Avenue, New Blue Area, Hafiz Naeem criticised the prevailing political system, stating that whenever a government is ousted or takes power, they seek support from the United States (U.S). He also pointed out that this trend extends to those who are imprisoned or those seeking release, highlighting the tendency to seek approval from the U.S. for such matters. He specifically urged Imran Khan to show solidarity with Hamas and publicly denounce the state of Israel. The JI supremo further stated that while the U.S. possesses thousands of missiles, it continues to impose sanctions on Pakistan’s missile technology. He emphasised that the nation had sacrificed to develop nuclear weapons, which are vital for the protection of both Pakistan and the Muslim Ummah. He criticised political parties that seek approval from the U.S. to imprison and release individuals, highlighting the need to ensure democratic freedoms for the people. Hafiz Naeem also condemned the U.S. as a “terrorist nation” and argued that Pakistan could never achieve prosperity while under America’s influence. He pointed out that the U.S. labels those who resist its imperialism as terrorists and imposes its own version of democracy. He further stated that Israel could not fight groups like Hamas, as it targets innocent children, and that Israel’s expansionist goals now reach beyond Palestine, with plans involving Syria, Lebanon, and even Medina. The Jamaat-e-Islami leader referenced Pakistan’s founder, Quaid-e-Azam Muhammad Ali Jinnah, who had described Israel as an illegitimate child of the West.” He also expressed his support for the oppressed Palestinian people, noting that Gaza faces harsher cold conditions than Islamabad, with two million people living in camps. He condemned Israel’s actions as genocide, having killed 46,000 people, and criticised the U.S. for supporting this “open terrorism.” Hafiz Naeem pointed out that the indifference of most Muslim countries, except a few, towards the Israeli-Palestinian conflict further strengthens Israel’s position. He concluded by reaffirming that Israel cannot stand against the resistance of Muslim fighters, adding that Israel’s aggression would eventually be defeated.
NoneUK to tax private schools in £1.5 bn boost to public education