Despite Restaurant Slowdown, Fast Casual Reigns
Business Wars Daily
Wondery
4.6 • 716 Ratings
🗓️ 21 May 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
Today is Tuesday, May 21, and we're looking at Chipotle vs. Sweetgreen.
Listen to Business Wars Daily on the Wondery App or wherever you get your podcasts. You can listen to all episodes ad-free on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial by visiting wondery.com/links/business-wars-daily/ now.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Wonderly Plus subscribers can listen to Business Wars daily ad-free right now. |
| 0:04.8 | Join Wonderly Plus in the Wondery app or on Apple Podcasts. |
| 0:08.5 | If you or someone you care about has cancer, |
| 0:11.5 | Macmillan Cancer Support's online community is here to help from day one. |
| 0:16.1 | Macmillan's free online forum provides a safe space to get support from both experts and others who've been |
| 0:22.0 | there. Members support each other anonymously, sharing what's helped them on a range of subjects, |
| 0:27.5 | from dealing with side effects such as hair loss and fatigue, to money worries and managing work, |
| 0:32.9 | or talking with children about a diagnosis. There are different forums on cancer types or experiences, |
| 0:39.0 | opportunities to ask an expert, and blog posts. |
| 0:42.0 | Find support 24-7 from people who get what it's like to have cancer. |
| 0:46.7 | To join, search McMillan online community. |
| 1:04.8 | The From Wondery, I'm David Brown, and this is Business Wars Daily on this Tuesday, May 21st. |
| 1:13.6 | It's no secret that people have been feeling inflation in their wallets, and they're cutting back on the extras like coffee and fast food to save some cash. |
| 1:22.0 | In fact, it costs about 20% more to eat out now than it did three years ago, according to the Federal Reserve Bank of St. Louis and its data. |
| 1:27.4 | As one Fox News affiliate put it, customers are tightening their belts at meal time. But while the |
| 1:28.7 | restaurant industry as a whole is feeling the sting of inflation, a slim subset of upscale, fast, |
| 1:34.4 | casual restaurants is bucking the slowdown trend. That includes eateries like Sweet Green |
| 1:39.4 | and Chipotle Mexican Grill. And this sector saw higher traffic growth than any other restaurant sector, |
| 1:45.8 | according to research firm guest XM data. Sweet Green in particular has had some good news of late. |
| 1:52.2 | The company's stock soared after it lifted its earnings outlook earlier this month, |
| 1:56.0 | reporting a 5% year-over-year growth in its stores. Over at rivaled Chipotle, same store sales were up an average of 7% year-over-year growth in its stores. Over at rival Chipotle, same store sales were up |
| 2:02.7 | an average of 7 percent year over year, and the company opened nearly 50 new restaurants |
... |
Transcript will be available on the free plan in -311 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Wondery, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Wondery and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.