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flag Gen Z and millennials are cutting fast-casual dining due to inflation, hurting Chipotle, Sweetgreen, and CAVA sales.

flag Fast-casual chains Chipotle, Sweetgreen, and CAVA are seeing declining customer traffic and sales, especially among Gen Z and millennials, as inflation and economic pressures reduce dining out. flag Chipotle reported a 0.8% drop in traffic and missed earnings, with its stock down nearly 49% year-to-date. flag Younger consumers are cutting back due to high living costs, student debt, and unemployment, shifting to home cooking. flag Sweetgreen and CAVA also posted weaker results, with Sweetgreen noting a 15% spending drop from the key demographic. flag While fast food chains offer cheaper alternatives, the fast-casual sector is struggling to retain customers despite efforts like menu changes and rewards programs.

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