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Mediterranean chain Cava beat Wall Street estimates Tuesday afternoon, with same-store sales jumping 18.1%, compared to 12.39% expected. The stock vaulted over $172 per share — an all-time high ...
Brett Schulman knows crazy—and he’s not talking about the feta.. The 52-year-old CEO and co-founder has watched Cava, the cult-classic Mediterranean fast-casual spot, skyrocket.
Same-restaurant sales increased 14.4%, while restaurant-level profit improved 37.3% year over year. In all, earnings of $0.17 per share outpaced expectations of $0.13. Cava also increased its ...
For the period ending July 14, Cava reported same restaurant store sales growth of 14.4%. This figure simply takes into account the same restaurants that were opened a year ago.
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]
By comparison, investors valued Chipotle at about $4 million per restaurant when the same amount of time had passed since its January 2006 IPO (the same year Cava's original three founders decided ...
Spaghetti Warehouse is an Italian restaurant chain geared towards families with five physical locations in two U.S. states: four in Ohio, one in New York (state). They also operate a to-go only location in Texas. The chain started in 1972 in Dallas, Texas, and at one point had spread throughout the southern and eastern parts of the United ...
While remaining independent and privately held, Cameron Mitchell Restaurants has grown to 50 restaurant locations across the country from Beverly Hills to New York City, and 20 different concepts in 15 states and the District of Columbia, including the steakhouse and seafood restaurant, Ocean Prime. Cameron Mitchell also runs a separate ...