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02.09.26 - 13:54
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CHIPOTLE ARRIVES IN ASIA WITH FIRST RESTAURANT IN SEOUL (PR Newswire)
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The opening marks a significant milestone in Chipotle's global expansion, establishing South Korea as a reference market for future growth across Asia The joint venture established by Chipotle and Sangmidang Holdings, Chipotle's South Korean operator, will bring the brand's global......
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01.09.26 - 14:57
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Restaurants Face GLP-1 Squeeze As Adopt-Or-Die Inflection Arrives (ZeroHedge)
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Restaurants Face GLP-1 Squeeze As Adopt-Or-Die Inflection Arrives
Bernstein's latest GLP-1 tracker has Eli Lilly's Mounjaro leading script growth, with downstream effects compounding pressure on the restaurant industry already facing weakening consumer confidence, as gas prices nationwide remain above a politically sensitive $4 a gallon in late summer.
Turning to UBS's latest note on the restaurant industry, Dennis Geiger, who covers U.S. restaurants and consumer discretionary names, wrote in a note on Sunday that restaurant investors are struggling to identify opportunities across the space amid sharp share-price volatility, weakening consumer confidence, growing uncertainty over the second-half outlook, and increasing GLP-1 adoption.
He points to a widening divide across the industry:
Fast casual: Cava and Chipotle remain preferred, while Wingstop is attracting interest after its selloff. Investors see the NFL season, easier comparisons, and new value promotions as potential catalys...
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