On January 31, 2025, he saw Avocado Box on the Central Debastos Market in Gwadalahara, Halisco, Mexico.
Ulises Ruiz | Agence France -Presse | Getty Images
Chipotle Mexico grill It is said on Tuesday that if the tariffs for imported ingredients will take effect next month, the expected cost will not increase, and it is pointed out that only half of avocado comes from Mexico.
One day ago, President Donald Trump His plans to suspend his plan Targets of 25 % of imports on Mexico and Canada. If it is implemented after a month, imports such as avocado and beef will be more expensive for restaurants, which may try to transfer the increased cost to diners.
But Chipotle executives were shocked in tariffs Company’s income Tuesday call meeting. According to Adam Rymer, the chief financial officer, if tariffs on Canada and China take effect on Mexico, Chiprt expects its sales costs to increase about 60 basis points or 0.6 percentage points.
Rymer said that Chipotle is only about 2 % of Mexico’s sales, importing agricultural products, such as avocado, tomatoes, lime and pepper.
In fact, Mexico is roughly provided 90 % avocado According to CEO Scott Boatwright, Chipotle, which was eaten in the United States, purchased about half of avocado supplies from Colombia, Peru and Dominican. In recent years, Chipotle has taken measures to buy more avocados other than Mexico,,,,, He told analysts.
In addition to the supply of Chipot’s avocado flavoring sauce, less than 0.5 % of Chipotle’s sales from Canada and China. Trump has imposed a 10 % tariff on China’s import.
In recent places, Chipotle shows that it has pricing ability, even if diners become more conscious.
In the fourth quarter, the sales of the same store reported by the company increased by 5.4 %, because traffic increased by 4 %. Chipotle’s income exceeds Wall Street estimates, but conservative forecasts for its sales growth at the same period have caused stocks to fall 5 % in extended transactions.
The prospects do not include the effect of any tariffs.
