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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.
Cava Group (NYSE: CAVA) was one of the hottest restaurant stocks to own last year. In 2024, the stock soared by an incredible 162% as investors were thrilled with the company's impressive results.
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. restaurant industry. [5] Cava also produces a line of Mediterranean dips, spreads, and dressings that are sold in grocery stores across the US.
While both stocks are market darlings today, Cava's shares come with much richer price premiums. The stock trades at 258 times earnings and 14.7 times sales on Dec. 26, 2024.
In part to bring the new show to a wider audience, NBC partnered with Time Magazine to produce a special primetime edition of Today.Dave Garroway, Jack Lescoulie and Jim Fleming anchored the half-hour edition, which aired at 9 pm ET on Monday, March 31, 1952.
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 ...
On April 13, 2005, the couple opened Sprinkles Cupcakes, the world's first cupcake bakery. [9] They started in a 600-square-foot (56 m 2)-shop in Beverly Hills, California. [1] Though the bakery business was in a four-year no carb slump and early naysayers, they sold 2,000 cupcakes the first week. [6]
It's rare to find a restaurant investment as proven as this one is this early in its existence.