Starbucks says it will not buy Chipotle following takeover report

Starbucks is putting an end to speculation that it could acquire burrito chain Chipotle Mexican Grill. A Starbucks spokesperson confirmed to FOX Business on Monday that the coffee giant is not buying Chipotle following a report that it had explored a potential deal. "Our team is laser focused on executing our Back to Starbucks strategy. We have strong momentum and confidence in our long-term growth potential," the company reiterated. "We look forward to sharing our Q4 results, including FY27 guidance, later this month." STARBUCKS SUED FOR ALLEGEDLY MISLABELING 'SUGAR-FREE' PROTEIN DRINKS Talk of a possible deal began last week after the Financial Times reported that Starbucks had recently explored a potential bid for Chipotle with advisers. The report cited people familiar with the matter.