Cava, Chipotle and Other Fast-Casual Restaurant Chains Are Finally Hit by Consumer Slowdown

In this economy, even the affluent are a 'more cautious consumer,' Sweetgreen CEO warns. Chipotle and Cava are hurting too

The core issue: "I think it’s pretty obvious the consumer is not in a great place overall," Sweetgreen CEO Jonathan Neman said.

Guzman y Gomez gets the burrito blues in fast food’s global slowdown

The sector has hit the wall in the US and shares in the local Mexican fast-casual chain appear to have been caught up in the sell-off.

Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown

After bucking industry trends, fast-casual chains like Chipotle and Cava are finally feeling the consumer slowdown.

Sweetgreen, Cava, Chipotle face sales slowdown

Cava, Chipotle, Sweetgreen report slower sales

The post Cava, Chipotle, Sweetgreen report slower sales appeared on BitcoinEthereumNews.com. Cava stock tumbled 16% in afternoon trading on Wednesday, making it the latest fast-casual chain to feel Wall Street’s wrath after reporting disappointing quarterly sales. A year ago, eateries like Chipotle Mexican Grill and Cava were reporting double-digit same-store sales growth, even as the broader restaurant industry posted falling traffic and slumpi…

Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown – RetailWit

After bucking industry trends, fast-casual chains like Chipotle and Cava are finally feeling the consumer slowdown.