Fast-Casual Restaurants Feel the Squeeze as Consumers Are Stretched
1. U.S. economy growth expected under 2% amid consumer spending disparities. 2. Lower-income households are reducing spending, impacting restaurant sales negatively. 3. Full-service restaurants outperform fast-food chains, reflecting consumer income split. 4. Sales at major chains like McDonald's and Chipotle are declining significantly. 5. Research indicates restaurant margins will face further pressure in the coming year.