Starbucks Explores Chipotle Takeover in What Could Be the Largest Restaurant Deal on Record
Starbucks has explored a Chipotle takeover, the FT reports. A deal would rank as the largest restaurant acquisition on record; no agreement is imminent.
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Chipotle Pulls Jalapeños Linked to Minnesota Salmonella Outbreak That Sickened 110 People
After jalapeños were tied to 110 salmonella cases in Minnesota, Chipotle removed them from stores and is assisting health officials.
Yum Brands Q2 Results Beat Expectations as Taco Bell Sales Begin Recovering from Cyclospora Outbreak
A Cyclospora outbreak linked to lettuce caused a 2% decline in Taco Bell’s U.S. sales in July. Yum Brands said the impact is temporary, with sales trends already improving.
Chipotle Beats Expectations as Menu Innovation and Value Deals Boost Demand
Chipotle beat Q2 estimates with $0.33 EPS and $3.35B revenue. Comp sales rose 2.2% on new menu items and value deals. Full-year guidance raised.
Taco Bell Traffic Sinks After Lettuce Tied to Cyclospora Parasite Outbreak
Sweetgreen, Chipotle, Chopt, and Panera also saw customer traffic decline as the Cyclospora lettuce outbreak linked to Taco Bell raised broader concerns among salad-focused chains.
JPMorgan Upgrades Chipotle to Overweight, Sees “Rare Valuation Opportunity” After 43% Plunge
JPMorgan upgrades Chipotle Mexican Grill from Neutral to Overweight, with a $35 price target.