Chipotle CEO: Millennials, Gen Z Customers Choosing Groceries Over Burritos

Chipotle's CEO reveals that younger adults are dining out less due to financial stress, leading to a decline in sales. The company is also facing issues with digital orders, ingredient availability, and cleanliness, causing customers to question the value of their meals. Chipotle's latest financial report shows a slowdown in sales growth and a decline in restaurant operating margins, with expectations of a slight sales decrease next year. This trend aligns with a broader pattern of fewer millennials and Generation Z eating out, as many struggle with monthly payments and sometimes skip meals to save money. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.