Following the release of its first-quarter results, shares plunged as investors cited signs of weakening fast-food demand and broader economic caution in the sector.

Revenue climbed 14% year-over-year, driven by same-store sales growth and menu optimization, reflecting underlying consumer demand despite a competitive landscape.

The company named a new chief financial officer to oversee financial strategy and investor relations, marking the first executive change at the C-suite level this year.