The split in company results indicates consumers are splurging in some areas, as they save in others.
In this article
Chipotle
and Cava
pinned weaker sales on younger customers who are pulling back and packing lunches.
But Gen Z shoppers are still spending on Coach handbags to bring to work — even if they’re skipping bowls and burritos.
As sales at Chipotle, Cava and Sweetgreen fall, fast-casual chains are turning more to promotions and loyalty programs to get Gen…
After bucking industry trends, fast-casual chains like Chipotle and Cava are finally feeling the consumer slowdown.
The core issue: "I think it’s pretty obvious the consumer is not in a great place overall," Sweetgreen CEO Jonathan Neman said.
Millennials and Gen Z are increasingly choosing Tapestry's luxury brand Coach.
"Value matters to everybody,” McDonald's CEO Chris Kempczinski said. “Feeling like you’re getting good value for your dollar is…
Chili’s reported a 24% jump in same-store sales in its most recent earnings report.
