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via finance.yahoo.comBusiness & Companies

Starbucks CEO says becoming a multi-brand company is possible but not the current focus

FROM THE WIRE · FINANCE.YAHOO.COM

Starbucks Corp. Chief Executive Officer Brian Niccol says becoming a multi-brand company is possible, but that's not the focus right now. Two weeks ago the company said it's not buying Chipotle Mexican Grill. Niccol tells Bloomberg's Romaine Bostick he'd never say never, but for…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralManagement comments on possible future strategy at a large company, with no immediate price effect.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Starbucks CEO Brian Niccol says becoming a multi-brand company is possible but not the current focus.
  2. 02Two weeks earlier the company said it is not buying Chipotle Mexican Grill.
  3. 03Management is concentrating on improving stores, menus and service.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Starbucks CorporationSBUXStock103.91 USD+0.84%today -1.52%Neutral Chipotle Mexican Grill, Inc.CMGStock32.13 USD+0.58%today +2.70%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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