All articles tagged with #consumer slowdown
Fast-casual restaurant chains like Cava, Chipotle, and Sweetgreen are experiencing a slowdown in consumer traffic and sales due to economic uncertainty and cautious consumer behavior, leading to significant stock declines and cautious outlooks for the industry.
Five Below's stock dropped over 12% after the discount retailer reported disappointing first-quarter earnings, with revenue and earnings per share missing estimates. The company's growth came solely from new stores, as comparable sales declined. Looking ahead, Five Below expects continued challenges, forecasting lower-than-expected revenue and earnings for the next quarter.
Nike's recent earnings report revealed that despite a consumer slowdown, the company's financial performance remains strong, indicating that not all retailers will be derailed by the current economic conditions.