Chipotle's California customers are spending less after the chain upped prices due to wage hike: CFO

While some thought Chipotle would be able to pass along higher costs to its loyal following once the FAST Act took effect in April, CFO Jack Hartung said customers across the industry pulled back. "It's not because the Chipotle burrito costs a little more. There's really a reduced spending across the restaurant industry [in California],"