32sec snip

Animal Spirits Podcast cover image

Negative Arbitrage (EP.358)

Animal Spirits Podcast

NOTE

Focus on Consumer Behavior Over Price Increases

Consumer behavior plays a significant role in Chipotle's price increases. Despite the decrease in foot traffic, the individuals who continue to visit the store are spending more, leading to higher same-store sales. Chipotle's prices have risen, causing a 70% drop in consumption for some customers. Nevertheless, the company is experiencing an 8% decrease in store traffic compared to pre-pandemic levels, and although fewer customers are coming in, those who do are spending more, contributing to the rise in same-store sales.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode