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Second: 80% of our restaurants at Cava were already in the suburbs, and we were seeing how well-received we were and how well we were performing in the suburbs. Zoe's real-estate portfolio was 100 ...
In 2023, Cava locations did $2.6 million in average unit volumes (AUVs) with 24.8% restaurant-level profit margins. ... management said it thinks there is room for at least 1,000 Cava restaurant ...
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]
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The growth was largely driven by 62 net new locations it added since Q2 2023 -- a 22.2% year-over-year expansion -- as well as traffic increasing by 9.5%. ... The average Cava restaurant has a ...
The other locations are at 5050 Benbrook Highway in Fort Worth near Benbrook; 1224 Precinct Line Road, Hurst; and in Cleburne and Eastland. The original Pulido’s near Montgomery Street still ...
When Cava exited its 2023 fiscal year, ended Dec. 31, it forecast opening between 48 to 52 new locations in 2024. Thanks to its strong sales, in Q2, the company raised this guidance to between 54 ...
Shake Shack is still a growth stock, and it offers a lot of potential upside.
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