Posted on 11/03/2025 3:04:26 PM PST by DallasBiff
Younger consumers and households earning under $100,000 are cutting back on restaurant spending, Chipotle CEO Scott Boatwright said this week, while noting a broader pullback across the industry, as shares of fast casual chains from Sweetgreen to Cava also continue to slide.
(Excerpt) Read more at forbes.com ...
No joke Chipotle is only for expense account lunches.
“...households earning under $100,000...”
How is it that taking in $100k is poverty?
They all suck but they used to be somewhat cheap. Now it’s all expensive.
You can scarcely get out of a restaurant these days for less than 25 bucks per person, beverage, tax and tip. And that is minimal. By the time you are spending 60 bucks four times a month for a Sunday breakfast, it gets to be an expensive item.
>> households earning under $100,000... CEO Scott Boatwright said
getting that financial data from the credit card companies?
I recall justified privacy complaints against the govt from many years ago — I felt everything there is to know about me can be surmised from my credit cards.
Under 100,000 is lower income? That is a ridiculous stretch to make a “news” story.
I make far less, and I still eat out a fair amount, but not at Chipotle.
$100,000 is slightly more than perhaps $20,000 was nearly 50 years ago. I was paid $18,500 a year as a new Engineer back in 1978. I understand now new engineers if they can find a job are starting at $65,000 a year. That is far less than the inflation adjusted amount that I began working for. Wages in this country are being compressed and more and more money is going to the corner office the Board Room and profits. That is why chipotle is only an expense account lunch stop. It is also why a vast majority of the wealth in this country is concentrated in a minuscule minority of the people.
In still use Ca$h as much as I can, while I still can.
I suspect that all of my financial accounts are compromised regarding privacy.
I get three meals out of one burrito bowl.
Chipotle has a bad record for “cleanliness”.
My gas station bagel and coffee is 4.98. That’s a hundred bucks a month. I’m thinking I have to get up earlier and eat at home.
I like Chipotle. I get three square meals out of one bowl that costs $10.
no doubt, and with the massive computational power of AI, predictive behavior profiles will be readily available for unauthorized purposes
The problem is prices at those places have skyrocketed, it used to be that fast casual is $10-$12, now it’s $15-$20. Which is a bit much for what they offer.
Ditto. See my post 14.
I guess you never had one of their burritos, those go out fast.
“Chipotle has a bad record for “cleanliness”.”
They are actually very good cleanliness wise. It is unsafe food temperatures that led to foodborne illness outbreaks that got them into trouble several years ago
They are still on my S-List....
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