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Cava said that comparable sales surged 14.4% in the period, driven by 9.5% traffic growth. That drove revenue up 35.2% to $231.4 million, which was ahead of estimates of $219.5 million.
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.
Cava's strong same-restaurant sales over the past two years have increased the company's average unit volumes (AUVs) -- the average amount of sales its restaurants generate in a year -- to $2.8 ...
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's menu items are affordably priced as well, in the same ballpark as more traditional fast-food offerings these days. Whatever it is, it works. Same-store sales grew by 14.4% during the second ...
The parent company for American restaurant chain Chili's is Brinker International (NYSE: EAT), and it made its debut on the public markets way back in 1989. Now, 35 years later, Brinker stock ...
The top line soared again at Cava as same-store sales jumped a whopping 18% on traffic growth of 13%. Shares of fast-casual Mediterranean food chain Cava Group (NYSE: CAVA) were on the move today ...
Cava's restaurant-level profit margin was even better than Chipotle's in Q3, at 25.6% versus the burrito roller at 25.5%. In other words, Cava looks to be well on its way to earning Chipotle-like ...