Cost of a big mac in san francisco3/14/2024 "We actually lose money anytime somebody comes in thinking about getting chicken and instead gets steak, for example, so we'd like to fix that. Right now the price for a Big Mac burger (a la carte, no fries or soda) is 110 pesos which is 2.63 at todays exchange rate of 41.80 pesos for 1 USD. "We're just not charging the going rate," Chipotle CFO John Hartung said on the company's first-quarter earnings call April 21. 1 M♺♼ Store in San Francisco, California M♺♼ Pro - Powell St. The anticipated hike is in the range of 4% to 6%. Subsequently, Chipotle has estimated that it will have to raise prices nationwide later this year to compensate for beef price inflation. On its second-quarter earnings call Tuesday, however, Chipotle noted that "just because the minimum wage increases, doesn't mean we will raise prices."Īccording to the company, it doesn't plan to lift prices at all in Chicago this year due to higher minimum wages, and it will continue to look at menu-price increases related to higher worker wages on a "market-by-market basis."Īlso not helping Chipotle's profit line is the precipitous rise in the cost of beef, especially for the type of beef that meets the chain's rigorous breeding standards.
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