0916 ET - Restaurants with higher income consumers, like Starbucks and Chipotle, are benefiting this earnings season more than those that skew lower income, like Wingstop. Breakfast chain First Watch Restaurant Group says on a 1Q analyst call that having a higher income consumer base has insulated them from rising gas prices and other pressures facing consumers. Bad weather in 1Q depressed the chain's traffic, executives say. The chain raises the low end of its adjusted Ebitda guidance for 2026.(heather.haddon@wsj.com; @heatherhaddon)
(END) Dow Jones Newswires
May 05, 2026 09:16 ET (13:16 GMT)
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