From CNBC: 2024-05-11 07:00:01

High-income consumers boost Chipotle, Wingstop, and Sweetgreen sales amidst a broader consumer slowdown in the restaurant industry. McDonald’s, Starbucks, and Yum Brands struggle as customers cut back spending. Fast-casual chains flourish with better traffic growth. Value perceptions lead to strong sales for Chipotle and other chains, with some exceptions like Portillo’s and Shake Shack.



Read more at CNBC: Sweetgreen, Chipotle and Wingstop aren’t seeing a consumer slowdown