Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown

Chipotle Mexican Grill, Wingstop and Sweetgreen all beat Wall Street's estimates for their quarterly same-store sales growth.Yum BrandsFast-casual chains appear to be the exception to the trend. The sector saw higher traffic growth than any other dining sector from November to February, according to

Wingstop saw its same-store sales soar 21% in the quarter. CEO Michael Skipworth told CNBC that Wingstop's customer base used to be largely low-income customers but is now roughly three-quarters higher-income diners. He also credited the company's success to growing brand awareness and its chicken sandwich, which often serves as an entry point for new customers.Similarly, most of Sweetgreen's locations are in high-income neighborhoods, CEO Jonathan Neman said last year.

"You can see that fast casual is just a superior value for that consumer, given the quality of what they're getting," Charles said.7%, fueled by a 5.4% increase in foot traffic. The burrito chain has a strong perception of value among diners, CEO Brian Niccol told analysts on the company's April 24 conference call. Chipotle executives have also previously emphasized that most of its customers come from higher-income brackets.

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