Casual-Dining Chains Defy Gloom in Fast Food

Sit-down restaurants such as Chili's see sales soar as Chipotle and Wendy's warn of price-sensitive consumers

Restaurant executives sound like they're operating on different planets these days.

In the fast-food and slightly higher-end fast-casual world, caution is the mood. Cava and Chipotle missed Wall Street forecasts and warned that customers are more price sensitive. McDonald's is seeing double-digit traffic declines among its lowest-income diners, while Wendy's also says budget-conscious customers are pulling back. At sit-down casual-dining chains...

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