Yum! Brands (YUM) Declares $0.36 Quarterly Dividend; 1.7% Yield

Chipotle restaurant sales beat Street, CEO cites 'recovery story'

April 25, 2018 4:37 PM EDT

By Lisa Baertlein

LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc (NYSE: CMG) on Wednesday reported sales at established restaurants and profit for the first quarter that beat expectations, and new Chief Executive Brian Niccol told investors that the beleaguered burrito chain has begun its turnaround.

Chipotle shares jumped 10.5 percent in after-hours trading.

Chipotle is "clearly a recovery story in the U.S.," Niccol said in his first conference call with analysts and investors, after taking over as CEO on March 5.

Wall Street is hungry to learn details of Niccol's... More

Chipotle rallies ahead of debut report from new CEO

April 25, 2018 2:04 PM EDT

By Noel Randewich

SAN FRANCISCO (Reuters) - Shares of Chipotle Mexican Grill (NYSE: CMG) rallied on Wednesday ahead of the company's first quarterly report under a new chief executive hired to turn around the struggling burrito chain.

Chipotle has surged 36 percent since announcing in February that it hired Brian Niccol from Yum Brands Inc's (NYSE: YUM) Taco Bell unit as CEO to win back customers lost after a series of food safety lapses.

Wall Street's recent optimism has focused on what Niccol is... More

Costa Coffee break brewing after Whitbread investors stir

April 25, 2018 2:18 AM EDT

By Paul Sandle and Rahul B

LONDON (Reuters) - Costa Coffee will be spun off after parent Whitbread yielded to pressure from hedge funds who argued it was being held back by being grouped with the Premier Inn hotel chain.

The world's second biggest coffee chain after Starbucks Corp (NASDAQ: SBUX) has attractive, long-term international potential, Whitbread said.

Former brewing group Whitbread will retain its Premier Inn hotels and Beefeater and Brewers Fayre restaurants once the split is completed within 24 months, a timeline which some shareholders said was longer than necessary.... More