Chipotle CEO warns ‘the consumer is sitting on the sideline,’ leading to the chain’s first same-store sales decline since 2020

Quick Summary:

The fast-casual chain’s quarterly revenue fell short of expectations, due in part to more cautious consumers.

Chipotle holds the stance it will not pass down tariff costs on customers, calculating Trump’s tariff plan would cost about 0.5% of margin per year.

Mexico supplied as much as 85% of Chipotle’s avocados in the past, but the chain has since turned to countries like Dominican Republic, Guatemala, and Colombia for the key guacamole ingredient, now sourcing about half of its avocados from Mexico.

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Article Details

Author / Journalist: Sasha Rogelberg

Category: EconomyBusiness

Markets: United StatesColombiaDominicaDominican RepublicGuatemalaMexico

Topics: Food and drink Tariffs and trade Tariffs Chipotle

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 11:57:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 135 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28189726

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