How Chipotle, Wingstop, and Cava Plan to Thrive Amid a Spending Slowdown
With both the Nasdaq Composite (NASDAQINDEX: ^IXIC) and the S&P 500 index (SNPINDEX: ^GSPC) having fallen into correction territory, there is clearly a lot of fear on Wall Street.One of the big negatives is that, according to a fairly large number of companies, consumers appear to be facing increasing financial strain. That, in turn, is expected to lead to a spending slowdown.That's not good news for restaurant companies like Chipotle Mexican Grill (NYSE: CMG), Wingstop (NASDAQ: WING), and Cava Group (NYSE: CAVA). But don't count these still growing companies out.Continue reading
With both the Nasdaq Composite (NASDAQINDEX: ^IXIC) and the S&P 500 index (SNPINDEX: ^GSPC) having fallen into correction territory, there is clearly a lot of fear on Wall Street.
One of the big negatives is that, according to a fairly large number of companies, consumers appear to be facing increasing financial strain. That, in turn, is expected to lead to a spending slowdown.
That's not good news for restaurant companies like Chipotle Mexican Grill (NYSE: CMG), Wingstop (NASDAQ: WING), and Cava Group (NYSE: CAVA). But don't count these still growing companies out.
