Chipotle may raise prices in the third quarter

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

LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc (CMG.N) 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.

(Reporting by Lisa Baertlein in Los Angeles)

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