Cava and Sweetgreen see delivery orders fall as customers pick up their own food
Publishing timestamp: 2023-08-16 13:02:39
Summary
Fast-casual chains Cava and Sweetgreen are experiencing a decrease in delivery orders as customers opt to pick up their own food, potentially hurting their sales. Delivery orders are typically more expensive due to added fees, making pickup a way for budget-conscious consumers to save money. This shift has contributed to weaker sales for Sweetgreen and a cautious sales outlook for Cava. However, third-party delivery companies like Uber and DoorDash have not seen the same weakness in demand. Chipotle Mexican Grill also reported a decline in delivery service revenue, while Just Eat Takeaway.com reported shrinking order volumes in North America.
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Keywords: retail industry, business, business news, uber technologies inc, sweetgreen inc, chipotle mexican grill inc, cava group inc, breaking news: business, restaurants, doordash inc, earnings, just eat takeaway.com nv, toast inc,
Source: https://www.cnbc.com/2023/08/16/cava-sweetgreen-delivery-orders-fall-as-customers-pick-up-food.html