DJ Chipotle Preparing for Higher Federal Minimum Wage -- Market Talk
1816 EST [Dow Jones] -- Chipotle Mexican Grill Inc. is preparing for an increase in the federal minimum wage, Chief Financial Officer Jack Hartung said Thursday. "We assume it will happen and we are prepared for it," Mr. Hartung said, adding that the restaurant chain would look to pass on some of the cost increases to its customers. President Joe Biden during the election campaign proposed raising the federal minimum wage to $15, up from $7.25 currently. Chipotle pays its restaurant workers on average $12 to $13 per hour, Mr. Hartung said. (Nina.Trentmann@wsj.com)
(END) Dow Jones Newswires
February 05, 2021 18:19 ET (23:19 GMT)
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