Fast

Fast casual
has angst
to overcome

Kurt Vonnegut Jr. wrote that “maturity is a bitter disappointment for which no remedy exists,” and so it has been with the coming-of-age fast-casual restaurant segment.

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But customer concerns over portions did little to slow the burrito chain in Q2, when same-store sales soared by more than 11%.

The Bottom Line: The bakery/café chain is reportedly planning to sell Caribou and Einstein Bros. restaurant concepts three years after forming Panera Brands.

The Bottom Line: The fast-casual pizza chain was sold last week to Elite Restaurant Group. But few who’ve seen the finances believe the company can avoid closing large numbers of stores.

The Bottom Line: The potential bankruptcy filing of MOD Pizza further illustrates the sector’s challenges, which have worsened coming out of the pandemic.

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