Reported about 6 hours ago
Younger Americans are dining out less frequently due to economic challenges, impacting restaurant chains like Cava and Chipotle. Cava's CFO noted a decline in visits from younger consumers, who still order similar amounts but are more cautious about dining out. The fast-casual sector faces criticism over value, prompting calls for improvement in showcasing offerings. Cava reported slower sales growth and lowered its fiscal outlook amid these trends.
Source: YAHOO