Burrito Reboot

Fly Charts: Chipotle Starts Over and Snapchat's Problem

From movie-theater woes to Alibaba's debt-market reputation, here are four charts that tell you what you need to know in business today.
Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From movie-theater woes to Alibaba's debt-market reputation, here are four charts that tell you what you need to know in business today.

Don't Call It a Comeback

Chipotle may seem to be recovering. But it only looks that way relative to last year's disastrous sales declines. The company's new CEO has a lot of work to do.

Source: Bloomberg

Catch-22

Now might be the perfect time for Regal to sell out of the movie-theater business.

Source: Bloomberg

Growth Challenged

The pressures of being public have pushed Snapchat into changing its core app. But it's unclear if those changes will actually boost growth, and its messaging is getting incoherent.

Source: Snapchat

Expensive Credit

Equity investors love Alibaba. But debt investors most definitely do not -- its 10-year notes are set to be uniquely expensive relative to other similar bonds.

Source: Bloomberg

Note: Includes 10-year dollar bonds of $1 billion or greater that aren't able to be bailed in with ratings of either A1 at Moody's or A+ at Fitch/S&P that have been sold this year. *Alibaba 10-year guidance range is 125-130 basis points, but likely to price a lot tighter.

And don't miss Sarah Halzack on the rise of voice assistants: "I'm hardly ready to declare that, 10 years from now, dictating a shopping order to Alexa will be your primary way of buying groceries or anything else. It's simply too early to know. But it's clear that consumer brands and retailers should take this technology seriously and not dismiss it as a novelty.

"Not only is adoption growing, but Amazon -- a company that to some is an invaluable sales partner, to others a competitor or frenemy -- already plays a massive role in this universe. Big brands don't want to fall behind as Amazon cultivates this potentially important new turf."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Max Nisen in New York at mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

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