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Stock impact report

The fast-casual bowl boom is over. Wall Street isn't sold on Cava, Chipotle deals to lure back spenders [CNBC]

Chipotle Mexican Grill, Inc. (CMG) 
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
Company Research Source: CNBC
The fast-casual bowl boom has stalled, with Cava, Chipotle, and Sweetgreen all experiencing sales slumps and sharp stock selloffs. The chain restaurants are leaning on promotions and loyalty programs to pull customers back in through the door, in particular younger Gen Z consumers who helped make the brands success stories but who are now cutting back on spending. Two-thirds of consumers say promotions influence their decisions, and loyalty programs appeal to more than a third, according to food industry consultant Datassential. The Washington Post | The Washington Post | Getty Images At 12:30 p.m. in midtown Manhattan on mid-week office days, long lines still form outside Chipotle Cava , and Sweetgreen . Fast-casual bowls remain the defining lunch of the hybrid-work era, something quick to carry, simple to eat at a desk , and familiar enough to order without thinking. But this visible popularity now sits beside a more difficult financial reality inside the chain restaurant c Show less Read more
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