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Chipotle stock craters as company says young people without jobs can't afford their food anymore (finance.yahoo.com)

submitted 5 days ago by cantankerous_cashew@lemmy.world to c/news@lemmy.world

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[–] ebolapie@lemmy.world 39 points 4 days ago* (last edited 4 days ago)

Well this is interesting to me given that my employer has internally been talking about how Chipotle, the fast casual counter serve restaurant, has been growing faster than our full service pasta restaurant. Which obviously means they're stealing our market share in our separate segment and we need to move to compete with CMG more.

Methinks it is time to leave this industry.

Edit: haha. hahahahahahaha

A particularly challenged cohort is the 25- to 35-year-old age group," Boatwright said. "This group is facing several headwinds, including unemployment, increased due loan repayment and slower real wage growth.

ahahahahahahaha they are so out of touch if this is news to them