{"id":794145,"date":"2026-07-30T21:55:14","date_gmt":"2026-07-30T21:55:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/794145\/"},"modified":"2026-07-30T21:55:14","modified_gmt":"2026-07-30T21:55:14","slug":"chipotle-ceo-says-chain-making-meaningful-progress-on-affordability","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/794145\/","title":{"rendered":"Chipotle CEO says chain making \u2018meaningful progress\u2019 on affordability"},"content":{"rendered":"\n<p>PepsiCo CEO Ramon Laguarta discusses how the food and beverage giant is seeing massive paybacks after slashing consumer prices on \u2018The Claman Countdown.\u2019<\/p>\n<p>Chipotle CEO Scott Boatwright said Wednesday the <a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-restaurants\" target=\"_blank\" rel=\"noopener nofollow\">fast-casual chain<\/a> is seeing improvement in customers\u2019 perceptions of affordability.<\/p>\n<p>Speaking on Chipotle\u2019s second-quarter earnings call, Boatwright said <a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-companies\" target=\"_blank\" rel=\"noopener nofollow\">the company\u2019s<\/a> brand tracking showed improved perceptions of value across &#8220;all income groups and age cohorts.&#8221;<\/p>\n<p>&#8220;As it relates to value, I&#8217;m happy to report our brand tracker showed really solid progress across all income groups and age cohorts on value perception,&#8221; Boatwright said. &#8220;Our affordability scores were better in Q2 than they&#8217;ve been in probably the past couple of years.&#8221;<\/p>\n<p>He noted that customers do not judge value solely by prices or discounts.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/retail\/chipotle-opens-first-restaurant-mexico-global-expansion-accelerates\" target=\"_blank\" rel=\"noopener nofollow\">CHIPOTLE OPENS FIRST RESTAURANT IN MEXICO AS GLOBAL EXPANSION ACCELERATES<\/a><\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/Chipotle-2.jpg\" alt=\"Chipotle employees\"\/> <\/p>\n<p>A person works in a Chipotle outlet in Manhattan, New York City. (Andrew Kelly\/Reuters)<\/p>\n<p>&#8220;And so I think we&#8217;re making meaningful progress as it relates to value at Chipotle. What we also learned, I think, as an important note, is [that] value isn&#8217;t just about discounting and price point. It&#8217;s about convenience. It&#8217;s about execution,&#8221; Boatwright added.\u00a0<\/p>\n<p>&#8220;It&#8217;s about menu innovation. There&#8217;s a host of things that the consumer is looking at to determine value.&#8221;<\/p>\n<p>Chipotle has recently introduced lower-priced <a href=\"https:\/\/www.foxbusiness.com\/category\/food-drinks\" target=\"_blank\" rel=\"noopener nofollow\">menu options<\/a>.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/chipotle-ceo-allegedly-suggests-company-would-keep-raising-prices-lean-into-customers-making-over-100k\" target=\"_blank\" rel=\"noopener nofollow\">CHIPOTLE CEO ALLEGEDLY SUGGESTS COMPANY WOULD KEEP RAISING PRICES AND &#8216;LEAN INTO&#8217; CUSTOMERS MAKING OVER $100K<\/a><\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/chipotle-ceo-scott-boatwright.jpg\" alt=\"ScottBoatwright-Chipotle-CEO\"\/> <\/p>\n<p>CEO Scott Boatwright said that customers do not judge value solely by prices or discounts. (Chipotle)<\/p>\n<p>In December, the company launched a high-protein menu featuring a Single Chicken Taco, starting at $3.50 at select U.S. restaurants, and a High Protein Cup of Adobo Chicken, with a national weighted average price of $3.82, the company said at the time.<\/p>\n<p>Chipotle on Wednesday also reported second-quarter revenue of $3.3 billion, up 9.3% from the same period in 2025.<\/p>\n<p>Boatwright has previously pushed back against perceptions that Chipotle has become too <a href=\"https:\/\/www.foxbusiness.com\/category\/lifestyle-and-budget\" target=\"_blank\" rel=\"noopener nofollow\">expensive or<\/a> reduced its portions to boost profits.<\/p>\n<p>Ticker Security Last Change Change % <a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=CMG\" rel=\"nofollow noopener\" target=\"_blank\">CMG<\/a> CHIPOTLE MEXICAN GRILL INC. 38.52 +4.28<br \/>\n        +12.50%<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/chipotle-rival-guzman-y-gomez-mexican-kitchen-closes-all-us-restaurants\" target=\"_blank\" rel=\"noopener nofollow\">CHIPOTLE RIVAL GUZMAN Y GOMEZ MEXICAN KITCHEN CLOSES ALL US RESTAURANTS<\/a><\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/chipotle-bag-food-.jpg\" alt=\"Chipotle bag and cup\"\/> <\/p>\n<p>Chipotle on Wednesday also reported second-quarter revenue of $3.3 billion, up 9.3% from the same period in 2025. (Angus Mordant\/Bloomberg via Getty Images)<\/p>\n<p>&#8220;We have an affordable price point for all walks of life, and we&#8217;re for everyone. We want everyone to have access to wholesome, nutritious food,&#8221; Boatwright said during a May appearance on <a href=\"https:\/\/finance.yahoo.com\/markets\/article\/chipotle-ceo-on-affordable-prices-portion-size-and-desserts-132348309.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuaW5jLmNvbS8&amp;guce_referrer_sig=AQAAABDRoVbxOvwudItKuYWXVQPmBpVAAg-Cke4kUwridovsPuWvT0CCpyt6B59kbL-Dhtd91WXdYkU1yb86dzIEa1u96vn9jKi4HHnSd7VuuCXaxuYBbY_Eqv_cMoVLmGfFG25EQcgfVnvhnSaM_lV3UOGAl_JWitkBGFcjhpzIPBnK\" target=\"_blank\" rel=\"nofollow noopener\">Yahoo Finance\u2019s &#8220;Power Players&#8221;<\/a> podcast.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener nofollow\">GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"PepsiCo CEO Ramon Laguarta discusses how the food and beverage giant is seeing massive paybacks after slashing consumer&hellip;\n","protected":false},"author":2,"featured_media":794146,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-794145","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/794145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=794145"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/794145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/794146"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=794145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=794145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=794145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}