A restaurant recession may be looming as young customers cut back on dining out at “fast-casual” chains like Chipotle and Sweetgreen. Chipotle’s margins and sales growth are slipping, with similar trends expected from Sweetgreen and Cava this week. Executives cite macroeconomic pressures and changing consumer habits as reasons for the downturn. A weakening job market and rising loan delinquencies are squeezing younger consumers’ budgets, leading them to eat at home more often. This shift is impacting fast-casual chains that rely on millennial and Gen Z loyalty, with more customers planning to cut restaurant spending in the near future.

Read more at Yahoo Finance: Restaurant recession rears its head as Chipotle, Sweetgreen hit hard