Chipotle plans to pause price hikes and lean into menu ‘hidden gems,’ as new stores and cheaper avocados boost earnings

Executives at Chipotle Mexican Grill Inc. on Tuesday said the chain plans to put a “pause” on raising prices — while still leaving the door open for more if necessary — and said new restaurant openings, falling avocado costs and efforts to strengthen employee training in its kitchens lifted first-quarter results.

Shares of Chipotle CMG jumped nearly 8% after hours on Tuesday following the results, which beat expectations.

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