HomeAbout

TL;DR CNBC


From Chipotle to Cava and Panda Express, more big restaurant chains are rapidly expanding into small town America - TL;DR CNBC

From Chipotle to Cava and Panda Express, more big restaurant chains are rapidly expanding into small town America

Publishing timestamp: 2024-08-18 09:00:01


Summary

Small-town residents are craving new food options, leading fast-casual chains like Chipotle, Cava, and Panda Express to expand into rural America. The trend is driven by changing food tastes, cheaper costs, and the void left by independent diners hit hard by Covid. Chipotle's successful playbook is being emulated by other chains, but not all may find the same success in small towns. The expansion into small towns is seen as an opportunity for growth by larger chains in the wake of closures caused by the pandemic.


Sentiment: MIXED

Tickers: CMGCAVA

Keywords: business newslocal foodcava group incfood trendssuppress zephrrestaurant operatorsrestaurantschipotle mexican grill incu.s. economyfast food restaurant operatorsfood and drink

Source: https://www.cnbc.com/2024/08/18/fast-casual-food-chains-are-rapidly-expanding-into-small-town-america.html


Developed by Leo Phan