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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]
Shaich believed in people's desire for Mediterranean fast-casual cuisine and the potential of the Cava brand. Shaich conceptualized and led Cava's acquisition of public company Zoe's Kitchen, which was five times larger than Cava and allowed Cava to hyper scale into a category-dominant brand company with 250 locations as of October 2023. [7] [47]
But buried in Cava's S-1 is arguably a secret ingredient that didn't get enough attention on IPO day (or maybe it did by those who actually read the S-1 and bought stock in the company): Cava ...
Cava Group CEO Brett Schulman knows this first hand. In November 2018, the then-privately held Mediterranean fast-casual restaurant chain acquired Zoe’s Kitchen in a $300 million all-cash deal.
In the case of Cava, it is 0.2%. In other words, the amount of required growth baked into Cava is outrageous. It's a lot of assumed free cash flow growth via new restaurant openings, expanding ...
Cava plans to open 65 to 70 new locations this year. By 2032, the company aims to operate 1,000 locations in the US, which Schulman said is a "very manageable outcome."
Osvaldo Cavandoli (1 January 1920 – 3 March 2007), [1] also known by his pen name Cava, was an Italian cartoonist. His most famous work is his series of short animated cartoons, La Linea ("The Line").
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.