Starbucks descarta la compra de Chipotle Mexican Grill

Starbucks has dismissed rumors of a potential acquisition of Chipotle Mexican Grill, dispelling speculation that it could have been the largest deal in the restaurant sector to date. The coffee chain's spokesperson stated that the company's management is fully focused on its "Back to Starbucks" strategy and remains confident in its long-term growth prospects.

Starbucks emphasized that they will not comment on rumors or speculation, but reiterated their commitment to the "Back to Starbucks" strategy and the strength of their long-term growth outlook. The company is expected to release its fourth-quarter earnings and guidance for the 2027 fiscal year at the end of this month. This announcement comes in the wake of a report by the Financial Times on October 8, which cited unnamed sources stating that Starbucks had been consulting with advisors over a potential acquisition of Chipotle.

The deal would have created a restaurant giant with annual sales of around $50 billion, positioning it well to navigate uncertain demand from consumers facing inflation, rising costs, and pressure on profit margins. Starbucks' stock market value is estimated at around $40 billion.