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Chipotle Mexican Grill (CMG)
Mark Kalinowski

CMG (Post-Call): October Sales Soften; Will the Market Care?

After today’s (Wednesday, October 28th’s) market close, Chipotle Mexican Grill reported adjusted third-quarter EPS of $0.27, falling two cents short of our $0.29 forecast, and also two cents below sell-side consensus (according to Consensus Metrix) of $0.29. The largest income-statement line-item variance from our model was Other Operating Costs/Revenues, at 16.0% actual vs. 15.5% forecasted.

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October 28, 2026 No Comments
Wendy's (WEN)
Mark Kalinowski

WEN: Receives Bid of $7.35 Per Share from Trian, Looks Likely to be Taken Private

Earlier today, the Wall Street Journal reported that “Nelson Peltz’s hedge fund Trian Fund Management is offering to buy fast-food chain Wendy’s for around $1.4 billion, according to people familiar with the matter. Trian, a longtime shareholder in Wendy’s, is leading a group that has offered to pay $7.35 a share in cash to take Wendy’s, the people said. The restaurant operator Flynn Group and the investment firms BlueFive Capital and Sixth Street Partners are working with Trian. The group’s nonbinding bid is expected to be disclosed in a regulatory filing later Wednesday morning. Wendy’s had a market value of roughly $1.2 billion as of Tuesday’s close. The bid represents a roughly 20% premium over the closing price. The fast-food company’s stock is down roughly 70% over the past five years…” For more info:

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October 28, 2026 No Comments