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Tariffs on Mexico May Hurt Chipotle
Why Tariffs on Mexico May Hurt Chipotle Less Than You Think
Key Takeaways Chipotle gets half its avocados from outside Mexico, according to CEO Scott Boatwright; meanwhile, the U.S. imports more than 90% of its avocados, and Mexico accounts for nearly 90% of those imports,
Amid tariff worries, Chipotle CEO says about 50% of the chain's avocados are sourced from Mexico
Chipotle CEO Scott Boatwright told CNBC’s Jim Cramer the burrito maker has managed to diversify its avocado supply.
Chipotle says it's getting more avocados from outside Mexico. It could get impacted by Trump's tariffs anyway.
Chipotle has new sources of avocados in Colombia and Peru, its CEO said. But the chain might still take a hit from Trump's potential Mexico tariffs.
Chipotle isn't worried about Trump's tariffs — or guacamole
Chipotle downplayed concerns about potential tariff hikes on imported ingredients like avocados and chicken during the company’s Feb. 4 earnings call.
Chipotle downplays looming Trump tariffs, says only half of its avocados are from Mexico
Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico.
Chipotle (NYSE:CMG) Unfazed by Mexico Tariff Risks to Already High Avocado Prices
Chipotle Mexican Grill (CMG) sought to downplay the impact on its costs if key ingredients such as avocados from Mexico or beef from Canada
2d
on MSN
Chipotle CEO Scott Boatwright goes one-on-one with Jim Cramer
Chipotle CEO Scott Boatwright joins 'Mad Money' host Jim Cramer to talk quarterly results, footprint expansion, the impact of ...
QSR magazine
1d
Scott Boatwright Champions a ‘Guest-Obsessed Mindset’ at Chipotle
Scott Boatwright’s tenure as CEO of Chipotle officially began in November, when he shed an August-placed interim tag ...
Restaurant Business
1d
If tariffs happen, Chipotle says it is ready
About half of the fast-casual chain's avocados come from Mexico and sourcing has shifted to other countries. Food costs would ...
2d
on MSN
Chipotle Mexican Grill is about to report earnings. Here's what to expect
Chipotle Mexican Grill is expected to report its earnings after the bell on Tuesday. Here's what Wall Street is expecting the ...
1d
on MSN
Chipotle Sales Miss Signals That Growth Is Slowing
Chipotle Mexican Grill Inc.’s sales rose less than expected, highlighting the high bar the company set by defying an ...
1d
Chipotle: Tariff Fears Overblown, Dips Are Tasty For Long-Term Investors
Investors may find Chipotle Mexican Grill, Inc. a strong long-term investment with consistent growth, strategic pricing, and ...
1d
Chipotle CFO: No price hikes in the near future while we watch the impact of tariffs on food
CFO Adam Rymer told Yahoo Finance that the company is keeping a "close eye" on the fluid tariff situation. The Trump ...
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