facebook
twitter
rss
account
search
search
 

Chipotle says guacamole expected to keep coming

March 5, 2014 at 2:53 PM   |   Comments

| License Photo
DENVER, March 5 (UPI) -- Chipotle Mexican Grill is unlikely to stop serving guacamole in spite of a warning buried in its U.S. financial statements, a spokesman said Wednesday.

"The sky is not falling," company spokesman Chris Arnold told ABC News.

The guacamole drought loomed after Think Progress, a left-leaning website, picked up a statement Chipotle made in a quarterly filing to the Securities and Exchange Commission in January.

"Increasing weather volatility or other long-term changes in global weather patterns, including any changes associated with global climate change, could have a significant impact on the price or availability of some of our ingredients. Any increase in the prices of the ingredients most critical to our menu, such as chicken, beef, cheese, avocados, beans, rice, tomatoes and pork, would adversely affect our operating results. Alternatively, in the event of cost increases with respect to one or more of our raw ingredients, we may choose to temporarily suspend serving menu items, such as guacamole or one or more of our salsas, rather than paying the increased cost for the ingredients," the company said.

Arnold said the company is required to report any factors that could potentially impact its business. In 2011, he said, avocado prices rose because of weather-related problems -- but the guacamole continued to flow.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tennessee woman jailed for neglecting lawn Tennessee woman jailed for neglecting lawn
2
'Stay of execution' for bird living in store 'Stay of execution' for bird living in store
3
Medical marijuana ordering app offers pot delivery Medical marijuana ordering app offers pot delivery
4
Creepy clown sightings go nationwide Creepy clown sightings go nationwide
5
Tourist locked in London bookstore tweets for help Tourist locked in London bookstore tweets for help
Trending News
Around the Web
x
Feedback