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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.
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 ...
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]
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 ...
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 ...
Cava and Chipotle stock have each outperformed the S&P 500 so far this year. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24 ...
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!