UBS expects Chipotle Mexican Grill Inc (NYSE:CMG), the US restaurant chain, to report broadly in-line third-quarter sales on October 28, with sales growth and restaurant margins facing continued pressure before a potential recovery in 2027. The bank forecasts same-store sales growth of 1.5% for the quarter, slightly above the 1.3% consensus estimate, but expects weaker trends at the start of th...
Chipotle Mexican Grill has debuted a 3-foot-wide, 170-liter (45-gallon) bag that serves as both a bold fashion statement and a marketing stunt that exemplifies the creative style of its chief brand officer, Fernando Machado.
Chipotle unveils a limited-edition, three-foot-wide, 170-liter version of its iconic takeout bag to spotlight Family Meals Family Meals are Chipotle's digital-exclusive, customizable offering designed to serve four to six people Beginning October 13, U.S. Rewards members can enter for a chance to win a limited-edition Big Ass Chipotle Bag through the Chipotle app1 NEWPORT BEACH, Calif., Oct. 1...
Chipotle Mexican Grill Inc (NYSE:CMG) shares fell 4% to $30.20 as Starbucks Corp (NASDAQ:SBUX, XETRA:SRB) rose 2% to $92.13 after the coffeehouse chain ruled out a takeover of the burrito restaurant group. Starbucks said it was not buying Chipotle, ending speculation sparked by a report that it had hired advisers to explore a potential acquisition.
Starbucks (SBUX.O), opens new tab is not buying Chipotle Mexican Grill (CMG.N), opens new tab, the coffee chain said on Monday, quashing talk of a deal that could have been the largest-ever involving restaurants but was doubted by both investors and analysts.
"Starbucks is not buying Chipotle," a Starbucks spokesperson told CNBC. The denial follows days of rumors that Starbucks was trying to acquire the fast-casual chain.
Starbucks investors would likely not be happy about the company adding debt to finance a deal to buy Chipotle, given that it already has a high debt load.
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