Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown
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最新报道：Fast-casual chains like Cava, Chipotle, and Sweetgreen are facing declining sales and stock prices amid economic uncertainty, with Cava shares dropping 16% after reporting 2.1% same-store sales growth, far below Wall Street's 6.1% forecast. Executives cite cautious consumer spending due to inflation, job concerns, and low sentiment, with Chipotle noting a 4% sales decline driven by reduced low-income traffic. Sweetgreen reported a "really rough quarter," attributing weak performance to urban market challenges and loyalty program transitions, while Wingstop saw a 1.9% sales drop. Some chains, including Cava and Chipotle, expect improvement as consumer sentiment rises in Q3.
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