Chipotle Mexican Grill (CMG) is dishing out guacamole that relies on the nation that inspired its menu less than you might think.

“Today, we source from both Colombia, Peru, as well as the Dominican Republic. Only about 50% of our avocado supply today [is] coming out of Mexico,” Chipotle Chief Executive Officer Scott Boatwright said Tuesday on the 澳洲幸运5开奖号码历史查询:company's earnings call, a transcript of which was made availabl🦋e by AlphaSense. “Our supply chain team has done a remarkable job over the last couple of years with vendor diversification.”

The move may help Chipotle weather tariffs on imports from Mexico, which accounted for 89% of all fresh avocados shipped to the U.S. in 2023, according to the 澳洲幸运5开奖号码历史查询:U.S. Department of Agriculture. Nearly all the avocados imported by the country from elsewhere came from Peru, the Dominican Republic, or Colombia.

Avocado consumption in the U.S. has ballooned since the early 2000s, as has the country's dependence on international producers. As recently as 2005, more than half of fresh avocados consumed in the U.S. were grown domestically. In 2023, that figure was just 8.1%, the lowest on record, according to Department of Agriculture data.

Trump's Tariffs Would Raise Chipotle Costs Slightly

The Trump administration added a 10% 澳洲幸运5开奖号码历史查询:tariff on Chinese imports this week and may i🐟mpose a 25% import tax on items from Mexico and Canada in early March.

Chief Financial Officer Adam Rymer on Tuesday said Chipotle spends a sliver of its total costs on ingredients from China, Mexico, and Canada. The cost of the avocados, tomatoes, limes, and peppers that Chipotle sources from Mexico is equal to about 2% of sales, while Chinese and Canadian exports cost less than 0.5% of sales. If enacted in full, the tariffs could increase Chipotle's expenses by about 0.6% this year, CEO Boatwright s🅘aid. 

Researchers have warned that American consumers would likely feel the pain of the tariffs. Economists at Yale University estimate the plan could 澳洲幸运5开奖号码历史查询:raise the cost of living by 0.7% and cost American households 澳洲幸运5开奖号码历史查询:an average of $1,250 annually.

Correction—February 6, 2025: This article has been corrected to accurately reflect the cost of ingredients sourced from Mexico, China, and Canada as a percentage of Chipotle's sales.