President Trump’s sweeping tariffs on trade partners including Mexico and Canada, as well as an escalating trade war with China, have raised fears of a recession in the US and forced companies to pull back their annual expectations as consumers deal with higher costs of living. Chipotle’s comparable restaurant sales fell 0.4% in the first quarter ended March 31, compared with a 5.4% rise in the preceding three-month period. In an attempt to shield margins from higher input costs, the company has also invested in introducing technology such as produce slicers and three-tiered rice cookers that help optimize labor and time in the kitchen.
Author: Reuters
Published at: 2025-04-23 22:16:51
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