Why Consumers Are Abandoning Chipotle, Sweetgreen and Cava

Chipotle Mexigan Grill logo positioned amid popular ingredients. Key Points As consumer confidence fades, fast-casual restaurants are missing earnings as customers seek out more budget-friendly options. Chipotle, Sweetgreen, and Cava have seen their stocks fall by 48%, 82%, and 60%, respectively, over the past year. In the company’s Q3 earnings call, Chipotle’s CEO blamed “persistent macroeconomic pressures” but did not address the company’s runaway prices. Interested in Chipotle Mexican Grill, Inc.? ...