BUZZ - Reports suggest Starbucks had discussed a deal, Chipotle shares rise
路透社2026/10/08 18:16Latest Updates October 8 - Chipotle Mexican Grill shares (CMG.N) surged by as much as 8.55% to $33.40, while Starbucks (SBUX.O) shares once dropped 6.66% to $87.35. The Financial Times, citing insiders, reported that Starbucks (SBUX) had considered acquiring Chipotle (link). The coffee giant's stock has fallen to its lowest point since March. According to the report, the progress of the acquisition plan remains unclear; both Starbucks and Chipotle did not immediately respond to Reuters' requests for comment. If the deal goes through, CEO Brian Niccol would return to lead the Mexican grill chain he ran before joining the coffee giant two years ago. "For SBUX, we think investors would view this as a distraction for management's time and energy—after all, there is still much work to be done to revive the Starbucks brand, particularly concerning the fundamentals of same-store sales in North America, as the company gradually exhausts easily achievable growth points through 2027 and beyond," said RBC Capital Markets analyst Logan Reich. According to data from the London Stock Exchange Group (LSEG), CMG has a market capitalization of about $39 billions, while SBUX is valued at $107 billions. As of the close of the last trading day, SBUX has risen about 11% year-to-date, while CMG has fallen by 17%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several other languages. As automated translations may be inaccurate or lack contextual nuances, Reuters does not guarantee the accuracy of translated texts, which are provided solely for reader convenience. Reuters accepts no liability for any loss or damage arising from the use of automated translations.)
Latest Updates
October 8 - **Chipotle Mexican Grill stock CMG.N rose as much as 8.55% to 33.40 USD, while Starbucks SBUX.O stock fell as much as 6.66% to 87.35 USD
** The Financial Times cited sources saying that Starbucks (SBUX) had considered acquiring Chipotle (link)
** The coffee giant’s share price has fallen to its lowest point since March
** According to reports, the progress of the acquisition plan remains unclear; neither Starbucks nor Chipotle immediately responded to a request for comment from Reuters
** If the deal goes through, CEO Brian Niccol would return to the Mexican burrito chain he led before joining the coffee giant two years ago
**“For SBUX, we believe investors would see this as a distraction of management’s time and effort—there is still a lot of work to be done in turning around the Starbucks brand, especially with the underlying situation regarding North America same-store sales, since the company will gradually exhaust the low-hanging fruit for growth in 2027 and beyond,” said RBC Capital Markets analyst Logan Reich
** According to London Stock Exchange Group (LSEG) data, CMG has a market capitalization of about 39 billion USD, while SBUX has a market capitalization of 107 billion USD
** As of the close of the previous trading day, SBUX had gained about 11% year-to-date, while CMG had declined 17% year-to-date
(To assist non-native English speakers, Reuters provides its reports automatically translated into several other languages. Because automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of these translations and provides them solely for reader convenience. Reuters assumes no responsibility for any harm or loss caused by the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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