Search results
Results from the WOW.Com Content Network
In January, Cava raised prices by nearly 3% on average to offset inflation for the ingredients it uses. “We're not anticipating any additional price increases in 2024, and we're evaluating 2025 ...
[7] [9] [11] They opened the first Cava restaurant in Bethesda, Maryland, in January 2011. [9] [12] In August 2018, Zoës was acquired by Cava Group, Inc. for $300 million in total enterprise value. [13] In April 2021, Cava Group completed a $190 million series F funding round led by T. Rowe Price, bringing its value to nearly $1.3 billion. [14]
TD Cowen analyst Andrew Charles wrote in a client note that Cava's price increase, of roughly 15% compared to 2019, "significantly trails" the 25% to 30% hikes by most fast-casual peers.
It is worth noting that Cava's comps growth benefited from a 12.9% increase in guest traffic, and an increase in menu pricing. Cava reported growth in diluted earnings per share (EPS) of 150%, to ...
Dutch Bros' stores offer a more limited menu of custom beverages and some food items, while Cava's locations are full restaurants with higher-priced fare, and each one generates higher sales per unit.
Cava reported its fourth straight quarter of net income and its first quarter of positive free cash flow as same-restaurant sales rose 2.3%, driven by a 3.5% increase from menu price and product ...
A CAVA location will soon be welcomed to North Myrtle Beach.. The Mediterranean-style restaurant is set to open this summer. This CAVA location would be a first for Horry County. There are eight ...
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.