Reported about 22 hours ago
Despite concerns over a tariff-driven recession impacting consumer spending, fast-casual restaurant stocks like Chipotle and Sweetgreen have shown resilience in demand, according to Bank of America analyst Sara Senatore. While share prices have decreased significantly—with Sweetgreen down 10% and Chipotle 15%—recent feedback from executives suggests that the industry's outlook may not be as bleak as the market's reaction indicates. Analysts caution that the sell-off could be overdone, highlighting a strong consumer sentiment that hasn't changed much since their last earnings reports.
Source: YAHOO