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New drinks, burritos and perks help Chipotle and Starbucks beat cautious consumers
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News from California, across the nation and world - Los Angeles Times
Consumers’ reluctance to spend is no match for fruity refreshers and chipotle honey chicken burritos.
Two of the largest US restaurant companies, Starbucks Corp. and Chipotle Mexican Grill Inc., both raised their guidance on Wednesday after stronger-than-expected quarters.
“We’ve not seen the customer move back as it relates to Starbucks,” Niccol said Thursday on Bloomberg TV.
AdvertisementChipotle’s Rymer highlighted a lime sauce and chipotle honey chicken as well as promotions tied to the FIFA World Cup.
Starbucks said new chicken wraps, blue coconut beverages and its line of iced fruit drinks with customizable levels of caffeine attracted customers.