Competitive PressureAnalyst identifies intensifying competition from drive-thru-only concepts and possible resurgence from larger chains that could erode traffic and market share in key regions.
Margin HeadwindsAnalyst observes store-level margin pressure from higher coffee costs, rent, and labor that may constrain near-term profitability and temper earnings beats.
Top-line Sustainability RiskAnalyst raises concern that same-store sales momentum and new-store productivity could weaken, risking a fade in top-line beats and more conservative future guidance.