Update: Starbucks Reportedly Not Buying Chipotle

10:37 AM EDT, 10/12/2026 (MT Newswires) -- (Updates with Starbucks' response to a request for comment in the last paragraph.) Starbucks (SBUX) is not buying Chipotle Mexican Grill (CMG), multiple media outlets reported Monday, citing a company statement that refuted reporting from last week. "We do not comment on rumors or speculation, and our focus remains firmly on executing our Recipe for Growth strategy," a Chipotle spokesperson told MT Newswires via email. "As a matter of policy, we don't comment on rumors and speculation, but we want to be clear we are not buying Chipotle," a Starbucks spokesperson told MT Newswires via email. "Our team is laser focused on executing our Back to Starbucks strategy. We have strong momentum and confidence in our long-term growth potential. We look forward to sharing our Q4 results, including FY27 guidance, later this month." Price: 91.70, Change: +0.95, Percent Change: +1.05