Chipotle's latest menu item is simple — a chicken bowl, but hold the rice, lettuce, tomato, and everything else. On Thursday, the company announced plans for a new high-protein menu, which will launch on Dec. 23 and feature two high-protein bowls, a salad, a burrito, and an adobo chicken taco. The company will also offer its first-ever "snack," which is what it's calling the new option for a four-ounce cup of adobo chicken that customers can purchase on its own or add on to an order. The company said the ...

Core Viewpoint - Starbucks is undergoing a transformation with a focus on protein-enriched beverages, which has contributed to a recent increase in same-store sales for the first time in seven quarters [3][10]. Group 1: Sales Performance - In Q4, Starbucks reported a 1% increase in global same-store sales, marking the first rise in seven quarters, although same-store sales in the U.S. remained flat [3]. - The introduction of high-protein beverages, such as protein cold foam and protein lattes, has been identified as a key driver of this sales growth [3][4]. Group 2: Product Innovation - Currently, 90% of Starbucks beverages can be customized with added protein, and initial market feedback on these new products has been very positive [4]. - The protein drinks have attracted members of the Starbucks Rewards program, leading to increased visit frequency among low-frequency customers [5][6]. Group 3: Leadership and Strategy - CEO Brian Niccol views the introduction of protein beverages as the "first step" towards a broader range of health-focused drink options in the future [7]. - Under Niccol's leadership, Starbucks has implemented several changes, including increasing work hours for baristas, reducing staff at the Seattle headquarters, and closing hundreds of stores [9]. Group 4: Future Outlook - Niccol expressed confidence that Starbucks' transformation is progressing steadily, indicating a new chapter for the company [10][11].

Core Viewpoint - The article discusses the rising prices of beef in the United States, attributing it to various factors including low cattle inventory, drought conditions, and market concentration among major meat processors [3][4][5][6]. Group 1: Price Trends - As of August 2023, ground beef prices have surpassed $6 per pound, while steak prices have exceeded $12 per pound, translating to nearly 200 RMB per kilogram [4]. - Since 2020, beef prices in the U.S. have increased by over 50%, significantly outpacing the price changes of other food items [4]. Group 2: Supply Constraints - The U.S. cattle inventory is at its lowest level in 75 years, with approximately 94 million head of cattle [4]. - The number of cattle slaughtered this summer has reached a ten-year low, contributing to the supply shortage [4]. Group 3: Drought Impact - A severe drought affected 60% of cattle in major cattle states, leading ranchers to incur high costs for feed and water, resulting in early slaughter of livestock [5]. - The drought conditions have made it increasingly difficult for ranchers to maintain and expand their herds, leading to a cautious approach towards investment in cattle [5]. Group 4: Market Dynamics - The beef industry is characterized as cyclical, with ranchers hesitant to expand herds despite high prices due to high interest rates and the long breeding cycle of cattle [5][6]. - Major meat processors like Tyson and JBS control about 80% of the U.S. beef market, which has led to complaints about price manipulation and reduced profits for ranchers [6]. Group 5: Import Dynamics - The U.S. imports approximately 4 billion pounds of beef annually, accounting for about 13% of the total market, with Brazil being the largest source [7]. - Recent tariffs imposed on Brazilian beef have complicated the import situation, potentially leading to a halt in imports from Brazil [7][8]. Group 6: Consumer Demand - The retail beef demand index reached 99.31, the highest in 37 years, indicating strong consumer interest despite rising prices [9]. - Social media trends and a focus on quality have driven demand for premium beef products, with high-protein diets becoming increasingly popular among consumers [9][10].