Chipotle Mexican Grill

Chipotle Mexican Grill reported Q3 adjusted EPS of $0.27 versus $0.29 expected and net income fell to $339.9 million. Net sales rose 9.6% to $3.29 billion, with same-store sales up 2.1% as average check increased 1.3%. Restaurant-level operating margin narrowed to 23.3% from 24.5% and the company reiterated full-year low-single-digit same-store sales guidance. Chipotle opened 84 company-owned restaurants in the quarter and projects 340–360 new U.S. and Canada locations plus 15–25 international restaurants for 2027. » Altro su cnbc.com

The Financial Times reported Starbucks explored options to acquire Chipotle, triggering an over 8% intraday surge in Chipotle shares before settling around 7% higher. It is unclear whether Starbucks submitted a formal proposal or how likely the deal is to proceed. Starbucks’ stock initially fell more than 6% then recovered to about 2.3% down; an acquisition would rank among the largest restaurant-chain mergers. » Altro su forbes.com

Chipotle shares dropped about 5% in a stock-specific move with no new company news, interpreted largely as profit taking after recent gains. The CDC has confirmed no ongoing consumer risk from the summer Salmonella Javiana outbreak tied to jalapeño peppers, and Chipotle had risen while that investigation was open. QSR peers and benchmarks fell only modestly, and the next material catalyst for Chipotle is Q3 results on October 28. » Altro su finance.yahoo.com