Chipotle and Shake Shack Are Bracing for Pricier Beef in 2020
- Companies see inflation as swine fever drives demand for beef
- Menu price increases are unlikely to offset the impact: Telsey
A burger, fries, and beverage are arranged for a photograph at a Shake Shack restaurant in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Chipotle Mexican Grill Inc., Shake Shack Inc. and other restaurant chains are steeling themselves for more expensive beef next year amid rising demand for the key ingredient in their burritos and burgers.
Chipotle’s Chief Financial Officer Jack Hartung singled out beef as the protein the company is most worried about in 2020.