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Second: 80% of our restaurants at Cava were already in the suburbs, and we were seeing how well-received we were and how well we were performing in the suburbs. Zoe's real-estate portfolio was 100 ...
CAVA Market Cap data by YCharts.. Further, when comparing market cap and sales to the number of locations, Chipotle's stock looks cheaper. The average Cava restaurant has a value of $42.5 million ...
Cava also won with same-restaurant sales growth (comps) of 18.1% compared to Chipotle's comps of 6%. It is worth noting that Cava's comps growth benefited from a 12.9% increase in guest traffic ...
Cava (stylized as CAVA), also referred to as Cava Grill, is a Mediterranean fast casual restaurant chain with locations across the United States. Cava is owned by the publicly traded Cava Group, which purchased Zoës Kitchen in August 2018. [3] [4] The combined company is the largest restaurant operator in the Mediterranean category in the U.S ...
The company is on track to open 56 to 58 locations this year, meaning it will finish 2024 with 365 to 367 locations. ... which compares to Chipotle's at $3.2 million. Cava's restaurant-level ...
In 2023, Cava locations did $2.6 million in average unit volumes (AUVs) with 24.8% restaurant-level profit margins. This novel concept seems to be resonating with customers, as foot traffic per ...
Cava looks to be on a similar path as Chipotle and believes it can reach at least 1,000 locations in the United States, if not more. Today, the company has 341 locations and plans to add 55 ...
By comparison, Cava is a tiny little restaurant chain with just 320 or so locations. But it opened 14 new sites in the first quarter of 2024. All told, the store base grew a huge 22% year over year!