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Chipotle store front New York
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Chipotle “Mexican Grill” is coming to Mexico for the first time in 2026

The chain is expanding into its fare’s homeland — something that rival Taco Bell has already failed to do twice.

Millie Giles

Anyone in Mexico that’s stumped as to where they could possibly go to get a taco or a burrito finally has an answer: Chipotle Mexican Grill is opening its first-ever outpost in the country, the company announced on Monday.

Step asada

The California-based chain said it will partner with Alsea — a Mexico City-based restaurant operator that has successfully brought brands like Starbucks, Chili’s, and the Cheesecake Factory to Latin America — to open a new location in Mexico in early 2026. In the press release, Chipotle confidently cited “familiarity with [their] ingredients” as a reason why the brand’s “classically-cooked” food will “resonate with guests in Mexico.” 

However, American takes on its southern neighbor’s cuisine don’t always hit in the Mexican market. Even Yum! Brands’ Taco Bell, the biggest Mexican restaurant chain in the US with over 8,000 locations, has twice tried — and twice failed — to open in the country.

Chipotle and Taco Bell sales chart
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Despite its failure in the home of its namesake fare, Taco Bell has still seen sales soar over the last decade, peaking at $17 billion last year. And while Chipotle isn’t quite at that level going into its southern expansion, it’s growing more quickly than its closest rival, with restaurant revenues up 15% year over year.

Fillings the gap

Though it’s opened more than 90 international units since 2008, including 58 locations in Canada and 20 in the UK, Chipotle has never expanded to the native land of many of its dishes. Now, though, could be the perfect time.

As prices of produce imported from Mexico to the US are expected to rise on President Trump’s 25% tariffs, Chipotle has been on a mission to find avocados from alternate sources to make its (famously not free) guacamole, along with many other imported ingredients. Opening restaurants in its primary supplying country not only keeps menu prices low in stores in that region, but could also help to hedge against higher costs domestically by staying close to the source, per Quartz.

Even with Chipotle’s prices surging in recent years, it seems that people keep coming back for the chain’s fresh, customizable creations — regardless of the fact that its burrito bowls and salads aren’t exactly what you’d get in Mexico. But, with Taco Bell serving as an example of a rapidly growing, rapidly modernizing chain that just couldn’t crack the Mexican market, time will tell whether Chipotle’s calidad will outshine its autenticidad among local consumers.

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Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul

Netflix’s charm offensive appears to be working.

Netflix is reportedly emerging as the leader in the bidding war for Warner Bros. Discovery after second-round bids this week, edging out entertainment juggernaut rivals Comcast and Paramount Skydance.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

business

Delta says the government shutdown will cost it $200 million in Q4

The 43-day government shutdown that ended last month will result in a $200 million ding for Delta Air Lines, the airline said in a filing on Wednesday.

That’s about $100,000 per shutdown-related canceled flight. (Delta previously said it canceled more than 2,000 flights due to FAA flight reductions.) When the company reports its fourth-quarter earnings, the shutdown will lop off about $0.25 per share.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

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