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Chipotle will absorb tariff-related cost increases, CEO says

Chipotle plans to absorb Donald Trump's tariff-related cost increases instead of passing them to customers, according to CEO Scott Boatwright.
Boatwright stated that Chipotle's prices may increase by approximately 0.6% due to tariffs affecting imports from Canada, Mexico, and China.
Despite potential cost increases, Boatwright expressed confidence in Chipotle's business model and plans to open 300 new locations.
Boatwright emphasized that passing costs to consumers makes pricing permanent and believes it is unfair to charge customers more.

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The Independent

Chipotle says it will absorb any tariff price increases and not pass them to consumer

Fast food chain says its costs would only increase by 0.6 percent under Trump’s proposed tariffs

7 hours ago·London, United Kingdom

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New York Post

Chipotle CEO says company will swallow increase in costs brought on by tariffs

Scott Boatwright, the company CEO, told NBC News over the weekend that Chipotle's menu prices will remain as they are.

10 hours ago·New York, United States

Chipotle will absorb tariff-related cost increases, CEO says

(NewsNation) — With the Trump administration's 25% tariff on all Mexican imports set to take effect Tuesday, Chipotle has pledged to absorb potential cost increases. Chipotle CEO Scott Boatwright stated in a Sunday interview on "NBC Nightly News" that the company plans to keep consumer prices stable despite higher costs for some goods. “It is our intent as we sit here today to absorb those costs,” he said, adding that price changes may occur if …

10 hours ago·Honolulu, United States

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Fox Business

Chipotle CEO details how chain will handle Trump tariff costs

Chipotle CEO Scott Boatwright said that the company will absorb President Donald Trump's planned tariffs on neighboring nations until they cause a substantial challenge. "It is our intent as we sit here today to absorb those costs," Boatwright said in an interview with "NBC Nightly News." However, if costs become a "significant headwind," that could change, Boatwright said. The chief executive said during an earnings call earlier this month that…

12 hours ago·United States

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NBC News

Chipotle CEO says company will absorb any cost increases from tariffs

The burrito purveyor is largely insulated from many of the costs stemming from the tariffs Trump has proposed.

1 day ago·United States

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uk-times.com

Chipotle says it will absorb any tariff price increases and not pass them to consumer – UK Times

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email Fast casual burrito chain Chipotle announced this week that it will absorb the cost of any of Donald Trump’s tariffs and not pass them along onto its customers, according to a statement by company CEO Scott Boatwright. Trump has threatened to impose tariffs on imports fr…

7 hours ago

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