Cava Cuts Sales Outlook as Fast Casual Customers Pull Back

Cava Group has cut its full year sales growth targets after foot traffic stalled in the third quarter, adding to a growing trend of financially squeezed consumers foregoing fast casual restaurants. However, despite consumers feeling more pressure, Cava CFO Tricia Tolivar believes the chain is becoming 'more accessible for the lower income consumer,' driving an increase in sales in that area. She joined Carol Massar, Tim Stenovec, and Nina Trentmann on 'Bloomberg Businessweek Daily' to discuss the company's growth strategy amid macroeconomic uncertainty. (Source: Bloomberg)