Starbucks Corporation

Starbucks has rejected reports of a takeover bid for Chipotle. After the denial, Starbucks shares rose while Chipotle shares fell. The speculation had been further driven by the fact that Starbucks CEO Brian Niccol previously led Chipotle and is pushing for better service and cozier stores at Starbucks to halt declines. » Plus sur finanzen.net

Starbucks announced the closure of about 250 unprofitable stores in North America, roughly 1% of its approximately 18,000 locations. The measure is expected to be largely completed by the end of fiscal 2026 and will incur restructuring charges of around $300 million. At the same time, the company lowers its global new‑store opening target for 2026 to about 440 stores instead of the previously planned 600–650 and continues CEO Brian Niccol's “Back to Starbucks” strategy to win back sales and customers. » Plus sur faz.net

Starbucks beat Q3 non-GAAP EPS estimates by about 31% with 7.9% global comparable-sales growth and raised full-year EPS guidance to $2.55–$2.65. Management credits improved service, higher labor hours and an 'uplift' remodel program that has touched over 1,000 of 41,304 stores, leaving multi-year execution runway. Margins expanded but were partly aided by tariff refunds, and the stock trades at a forward P/E of ~34, a premium to peers, leaving little room for comp deceleration; a pullback to the low $90s would improve the risk/reward. » Plus sur finance.yahoo.com