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"Chipotle downplays looming Trump tariffs, says only half of its avocados are from Mexico"
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"Chipotle's CFO Adam Rymer said that if tariffs aimed at Mexico, Canada, and China go into effect, the company's cost of sales would rise about 60 basis points, or 0.6 percentage points. However, the company sources only about 2% of its sales from Mexico, and buys about half of its avocado supply from Colombia, Peru, and the Dominican Republic. Chipotle has shown pricing power in recent quarters, with same-store sales growth of 5.4% in the fourth quarter."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqn3qaz9j6wmk602anmwwkvhn8lhfrxgxar2xx5e0lgzn9jdwkvlxqy56fv4\nhttps://image.cnbcfm.com/api/v1/image/108096441-1738597469571-gettyimages-2196358162-AFP_36WV87X.jpeg?v=1738597526\u0026w=1920\u0026h=1080\nIn recent years, Chipotle has taken steps to buy more of its avocados outside of Mexico, CEO Scott Boatwright said.\nhttps://www.cnbc.com/2025/02/04/chipotle-earnings-trump-tariffs-may-raise-avocado-costs.html",
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