Reported about 14 hours ago
The second quarter has proven challenging for popular office lunch chains Chipotle, Cava, and Sweetgreen, with significant declines in same-store sales. Cava's stock fell 16% after reporting a slowdown in growth, while Sweetgreen and Chipotle also experienced drops of 7.6% and 4%, respectively. All three companies are adapting their menus and emphasizing value to attract consumers who are becoming more budget-conscious. Despite struggles, Cava executives noted some signs of sales recovery in the current quarter.
Source: YAHOO