Reported about 16 hours ago
Chipotle's stock has fallen sharply after CEO Scott Boatwright announced that lower-income consumers are dining out less frequently due to economic pressures, particularly affecting customers aged 25 to 35. In contrast, Starbucks reported stable earnings and did not indicate similar consumer spending challenges, as their sales saw growth, specifically among college students. Experts suggest that Chipotle's issues may stem from a broader economic trend and increased competition, while Starbucks is focusing on innovative strategies to maintain its market position.
Source: YAHOO