Chipotle's expectations for the year turn negative after a disappointing third quarter
Consumers are worried about the economy and dining out less often. Chipotle CEO Scott Boatwright fears the brand's value perception is tainted by being lumped with more-expensive fast-casual peers.
Chick-fil-A remains top restaurant brand for teenagers
Chick-fil-A dominates teen dining preferences for the seventh consecutive year, capturing 17% of votes in Piper Sandler's latest "Taking Stock with Teens" survey, outpacing McDonald's (11%) and Chipotle (10%). The Atlanta-based quick-service chain dethroned Starbucks from the top spot years ago and continues its reign among younger consumers. However, teen spending declined 6% year-over-year to $2,213, reflecting broader economic pressures on this key demographic.