Key Takeaways Chipotle gets half its avocados from outside Mexico, according to CEO Scott Boatwright; meanwhile, the U.S.

While other fast casual chains struggle with closures and bankruptcies, the company reports growing revenue and margins.

Chiptole expects weakness in its same-store sales in 2025. CMG is currently down nearly 20% versus its 52-week high.

Chipotle is downplaying the potential impact of U.S. tariffs on imported avocados and beef from China, Mexico and Canada.