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Olo is a New York City-based B2B SaaS company that develops digital ordering and delivery programs for restaurants. The company’s platform allows customers to place restaurant orders from multiple origination points – from a brand’s own website or app, third party marketplaces, social media platforms, smart speakers, and home assistants.
All Cava restaurants are company-owned, and none are franchised. [6] In 2020, Cava Group converted seven of its Zoës Kitchen locations to Cava-branded restaurants, with plans to convert 50 more in 2021. [14] [15] [18] It has additional off-premises and digital kitchens dedicated to preparing food for online orders. [18]
Cava ended the first half of 2024 with 341 locations. At the midpoint of the year, Chipotle had around 3,500 restaurants. It is an order of magnitude larger than Cava.
Right now, digital ordering and, digital as a channel for revenue for Cava, like you order on the app, you go and you pick it up and you leave. That's only about 35% of the business. We're not ...
Cava only held its IPO in mid-2023, so it is still a very young company. At the end of its first quarter as a public company it operated just 279 locations. At the end of the second quarter of ...
Restaurants could also enable customers to scan a QR code to order dishes directly through the menu on their phone. [7] In 2016, more than 600,000 restaurants in China supported payments via the Alipay App. [ 8 ] As of 2019, 93.2% of Chinese diners paid their restaurant bills through Alipay or WeChat Pay .
CAVA PE Ratio data by YCharts. PE = price-to-earnings. PS = price-to-sales. When compared by both revenue and earnings, investors are paying a far higher multiple for Cava Group.
Cava plans to open 54 to 57 new restaurants for the full year, meaning we're going to see those top-line numbers continue to expand with the potential for unseen upside.