Chipotle may raise prices in the third quarter

LOS ANGELES Thu Jan 30, 2014 5:29pm EST

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LOS ANGELES Jan 30 (Reuters) - Chipotle Mexican Grill Inc on Thursday said it likely would raise prices 3 percent to 5 percent in the third quarter, although no decision has yet been made.

The Denver-based burrito seller, which reported stronger-than-expected restaurant sales for the third quarter, said it also plans to remove all food made from genetically modified organisms, or GMOs, sometime this year.

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