Overview

• Chipotle Mexican Grill will open its first restaurant in Mexico City in early 2026 through a development agreement with Alsea, a major regional operator.
• This marks Chipotle's first expansion into Latin America following its international growth in Canada, Europe, and the Middle East.
• The move comes as U.S.–Mexico trade tensions, including tariffs on avocados and tomatoes, continue to impact supply chains.
• Chipotle plans to leverage local ingredient sourcing to maintain competitive pricing and reduce reliance on imports subject to tariffs.
• The company aims to explore additional Latin American markets following its Mexican debut, despite challenges faced by other U.S. brands like Taco Bell in the region.