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Chipotle says it's seen no impact yet on consumers from California wage increases

From morningstar.com

Company says automated machinery to make salads, bowls and guacamole could appear in restaurants in the second half of this year Chipotle Mexican Grill Inc. does a lot of business in California, where a new law raising the minimum wage for fast-food workers to $20 an hour took hold this month. But as Wall Street analysts try to diagnose the impact on corporate profits, executives at the Mexican fast-casual chain on Wednesday said they've seen little impact on consumer behavior - yet - even as they raise prices in tandem with the higher pay. "We're not seeing any kind of change in consumer behavior yet," Chief ... (full story)

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