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Stock impact report

Gen Z is under financial pressure. Fast-casual chains are bearing the brunt. [Yahoo! Finance]

CAVA Group, Inc. (CAVA) 
Company Research Source: Yahoo! Finance
"We've seen the macroeconomic headwinds really impact that 25-to-35-year-old guest segment, where last year ... they had a lot of tailwinds," Cava ( CAVA ) CEO Brett Schulman told Yahoo Finance . "Their frequency to existing restaurants has moderated as they felt cost pressures from around them." Same-store sales growth slowed for the Mediterranean chain in its most recent quarter, rising 1.9% year over year after an 18.1% increase in the same period a year ago. Cava stock fell over 7% on the news. NYSE - Nasdaq Real Time Price • USD CAVA Group, Inc. (CAVA) Follow View Quote Details At close: November 7 at 4:00:02 PM EST After hours: 7:59:40 PM EST CAVA SG CMG Advanced Chart Pressures on America's youngest consumers include unemployment , which is disproportionately affecting younger Americans. In August, unemployment among Americans ages 20 to 24 stood at 9.2%, up from 7.9% a year ago, while the overall rate was 4.3%. Plus, student loan collections retu Show less Read more
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