Fast-Casual Chains Struggle as Diners Ditch Pricey Bowls for Cheaper Eats
Quarterly results from Cava Group, Chipotle Mexican Grill and Sweetgreen raised warning signs about the strength of the fast-casual consumer
Fast-casual restaurants have been taking a hit as consumers no longer want to pay for that pricey lunch bowl.
Three chains that are big into selling bowls—Cava Group, Chipotle Mexican Grill and Sweetgreen—all recently posted worsening sales trends in their latest quarters, with top-line results missing expectations.
The readouts raised warning signs about the strength of the...
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