Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
Publishing timestamp: 2024-05-11 07:00:01
Summary
Fast-casual restaurant chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen are outperforming the broader industry with strong sales growth, driven by high-income consumers seeking value. These chains are bucking the trend of declining sales and traffic seen in the restaurant industry, with customers perceiving them as offering better quality and value. Other fast-casual chains like Shake Shack and Cava are also expected to perform well. Investors are bullish on fast-casual chains, with stocks like Chipotle, Shake Shack, and Wingstop seeing significant gains in 2024.
Sentiment: POSITIVE
Tickers: DIN, SHAK, WING, PTLO, SBUX, CMG, SG, YUM, CAVA, MCD,
Keywords: earnings, retail industry, breaking news: business, business, brian niccol, portillos inc, mcdonald's corp, john peyton, starbucks corp, shake shack inc, restaurants, business news, chipotle mexican grill inc, dine brands global, yum! brands inc, wingstop inc, sweetgreen inc, cava group inc,