CAVA CEO reveals why young diners are cutting back on eating out
McDonald's may not be Mcloving the latest customer trends. Despite reporting better than expected US same store sales growth of 2.4% for the third quarter, the fast food giant CEO Chris Kempinski is still warning of a pullback in spending from lowincome diners even though it's still offering extra value meals which accounted for 30% of US transactions. And he's not the only one sounding the alarm.Mediterranean restaurant chain Cava did cut its fullear forecast for same store sales growth to a range of 3 to ...