Chipotle (NYSE:CMG) adjusted well at the onset of the pandemic. It quickly emphasized digital orders for pickup and delivery. As a result, digital sales have held down the fort while dining inside its restaurants has lagged.
However, that will likely change when the company reports second-quarter results on July 20. The quarter included a massive vaccination campaign and an easing of coronavirus-related restrictions on restaurants. That being said, the momentum from reopening economies will be balanced by rising costs. A combination of surging demand and supply shortages is causing prices to rise on everything from labor to commodities.
Prices are going up
Several months ago, Chipotle started raising menu prices to help offset the impacts of rising costs. If it can report solid revenue growth in the quarter despite the price