(Updates with company statement in the second paragraph.)
Chipotle Mexican Grill (CMG) is raising prices by about 2% to meet higher costs for food ingredients, multiple news outlets reported late Wednesday, citing a company statement.
In response to a query from MT Newswires, the fast food chain's Chief Corporate Affairs Officer Laurie Schalow said the company "for the first time in over a year," implemented "a modest price increase of approximately 2% nationally to offset inflation."
Shares were edging 0.3% higher in recent trading.
Price: 63.85, Change: -0.05, Percent Change: -0.07
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