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Analysts debate a tough stretch for fast-casual chains after results from Cava and Sweetgreen lead to record daily stock drops and as sit-down chains make a comeback.
Build-your-own-bowl fast casual restaurants were among the top performing US stocks of 2024. Now, they have wilted amid renewed price competition from fast food operators such as McDonald's, at one ...
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Benzinga on MSNCava Stock Drops 16% As Weak Sales Mirror Broader Fast-Casual Struggles
Cava shares fell 16% in afternoon trading on Wednesday after reporting second-quarter same-store sales growth of 2.1%, ...
The restaurant environment is brutal and consumers aren’t eating out as much. But don’t tell that to the full-service ...
Fast-casual players are seeing a decline in same-store sales, or smaller growth, compared to this time last year.
The sector has hit the wall in the US and shares in the local Mexican fast-casual chain appear to have been caught up in the ...
Chipotle and Cava have jointly invested $25 million in Hyphen, a California robotics company that builds 'digital makelines' ...
Generally, fast-casual diners are higher income and more likely to have white-collar jobs. However, Chipotle CEO Scott ...
Fast casual dining boom is slowing, bowl brigade (Chipotle, Sweetgreen, CAVA) struggling with stock drops, sales decline due ...
Virginia’s former state superintendent, Lisa Coons, is a semifinalist for top K-12 posts in Michigan and Nevada.
As Cava, Sweetgreen and Chipotle became office workers’ lunches of choice, investors gorged on their shares. Slipping sales ...
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