The new menu item, which costs $10.25 on
average as an entree in Chipotle restaurants, comes as beef
prices rise.
"We have established long-term relationships with certain key
suppliers and therefore, been able to secure acceptable pricing
for our initiatives," said Carlos Londono, the company's head of
supply chain.
Beef and veal prices were up 48% in August versus January,
according to the U.S. Bureau of Labor Statistics.
Chipotle tested the smoked brisket in Sacramento, California,
and in Cincinnati, Ohio, last year. Its $10.25 average price for
its brisket is higher than other beef entrees in one Chipotle
location in downtown Sacramento.
A burrito with steak or barbacoa for pickup would start at $9.20
in the Sacramento location, according to its website. In the
test markets, an entree with brisket had cost $9.50, the company
said.
The smoked brisket will be available to Chipotle U.S. rewards
members on Tuesday and Wednesday.
It will be available to all customers in the United States and
Canada on Sept. 23 and on third-party delivery apps starting
Sept. 27.
(Reporting by Hilary Russ in New York; Editing by Matthew Lewis)
[© 2021 Thomson Reuters. All rights
reserved.] Copyright 2021 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|