A customer pays for their food at a Chipotle Mexican Grill restaurant on April 26, 2023 in Austin, Texas.
Chipotle said it hadn't decided yet about a price increase in California.
  • A Chipotle exec said the chain would "definitely" pass on the costs of higher wages in California to customers.
  • A new bill will raise wages to $20 in April. Chipotle separately just raised menu prices by 3%.
  • A company spokesperson said it hasn't made a decision yet on the increase, but it would just be in California.

Chipotle execs say the burrito chain will "definitely" pass on the costs of California's new fast-food minimum wage to customers by raising menu prices, even after the company posted impressive third-quarter results.