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In November 2018, Cava Group bought Zoës Kitchen, a restaurant chain with more than 250 locations, in a deal worth $300 million, taking the company private and helping Cava expand further into the suburbs. [6] [17] [18] As of August 2021, there are 133 Cava locations. All Cava restaurants are company-owned, and none are franchised. [6]
Shaich believed in people's desire for Mediterranean fast-casual cuisine and the potential of the Cava brand. Shaich conceptualized and led Cava's acquisition of public company Zoe's Kitchen, which was five times larger than Cava and allowed Cava to hyper scale into a category-dominant brand company with 250 locations as of October 2023. [7] [47]
Also, Cava's restaurant count, which had reached 352 at the end of fiscal Q3, rose 21% year over year, and its same-restaurant sales grew 11% during that period.
Panera Bread founder Ron Shaich has a knack for leading into the future of the restaurant industry. ... Au Bon Pain, or Cava in the past 10 years — all three chains founded (Panera Bread, Au Bon ...
Although profitable, Cava shares are still very expensive, priced at more than 300 times this year's expected per-share earnings of $0.42 and just under 300 times next year's expected $0.50. The ...
Cava already has average unit volumes (AUV) of $2.8 million in Q3, which compares to Chipotle's at $3.2 million. Cava's restaurant-level profit margin was even better than Chipotle's in Q3, at 25. ...
Dutch Bros' location count jumped from 671 to 950 over the same period. The similarities don't stop there. Dutch Bros and Cava prefer company-owned stores over the lightweight (but ultimately less ...
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