Fast-casual chains Chipotle, Wingstop, and Sweetgreen reported strong sales growth, outperforming estimates.
Fast-casual chains like Chipotle, Wingstop, and Sweetgreen reported strong sales growth, outperforming Wall Street estimates, despite broader consumer slowdown affecting the restaurant industry. High-income customers contribute to their sales as they perceive these chains as offering better value. In contrast, other chains like McDonald's, Starbucks, and KFC owner Yum Brands reported weak start to 2024.
May 11, 2024
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