Casual-Dining Chains Defy Gloom in Fast Food
Sit-down restaurants such as Chili's see sales soar as Chipotle and Wendy's warn of price-sensitive consumers
Restaurant executives sound like they're operating on different planets these days.
In the fast-food and slightly higher-end fast-casual world, caution is the mood. Cava and Chipotle missed Wall Street forecasts and warned that customers are more price sensitive. McDonald's is seeing double-digit traffic declines among its lowest-income diners, while Wendy's also says budget-conscious customers are pulling back. At sit-down casual-dining chains...
To Read Full Story Login Below.