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-6.44122383252232E-05 6.44122383252232E-05 -3.22061191626116E-05 0.000579710144927558 0.000933977455716652 0.00380032206119165 0.00499194847020938 0.00386473429951687
Stock impact report

Chipotle CEO Says Gen Z And Millennials 'Feel The Pinch' And Cooking At Home—'We're Not Losing Them To The Competition…We're Losing Them To Grocery' [Yahoo! Finance]

Yum! Brands, Inc. (YUM) 
Last yum! brands, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: yum.com/investors
Company Research Source: Yahoo! Finance
According to Chipotle CEO Scott Boatwright, younger customers aren't abandoning burritos for rival chains. They're abandoning restaurants altogether. Speaking during the company's October earnings call , Boatwright laid out the shift plainly. "We're not losing them to the competition," he said. "We're losing them to grocery and food at home." That change is most visible among diners ages 25 to 35, a group that accounts for roughly 25% of Chipotle's customer base. Boatwright said those customers are facing a combination of unemployment pressure, student loan repayment, and slower real wage growth—factors that make eating out an easy expense to cut. Don't Miss: The ‘ChatGPT of Marketing' Just Opened a $0.85/Share Round — 10,000+ Investors Are Already In Missed the AI Boom's Biggest IPOs? This Platform Lets Everyday Investors Access Private Tech Early "They feel the pinch," Boatwright said. "We feel the pullback from them as well." The pressure doesn't stop there. Boatwrigh Show less Read more
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