As restaurant chains grapple with slowing traffic and wage pressures tied to inflation, BTIG Managing Director Peter Saleh and Morningstar Senior Equity Analyst Sean Dunlop join Yahoo Finance Live to discuss consumer spending pullbacks. Saleh notes that while the US consumer has shown resilience, "not all consumers are created equal." Chains catering to lower-income customers will feel pressure first. However, brands like Chipotle (CMG) and Texas Roadhouse (TXRH) that appeal beyond just lower income groups had "really healthy numbers."  Dunlop says two key factors are "consumer health" and brands being "different operationally." Value-oriented names like Domino's (DPZ) and Papa John's (PZZA) can withstand consumer cutbacks. Meanwhile, Dunlop expects outperformance from Starbucks (SBUX), McDonald's (MCD), and other chains boasting "massive loyalty programs" that offer "personalized value" to retain customers amid traffic declines. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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