CALL INVITE -> Shorting Fast Casual Restaurants

Significant outperformance of key stocks in the sector:

• SHAK: Up 29.8%, outperforming the S&P 500 by 12%
• CAVA: Up 92%, outperforming by 74% (Note: Insiders are selling substantial amounts of stock this year)
• WING: Up 39%, outperforming the S&P 500 by 21%

During the presentation, we will provide:

• Detailed analysis of each company's fundamentals
• 2Q24 Industry trends and macroeconomic factors influencing our outlook
• Potential risks to our short thesis
• Q&A session to address your specific concerns