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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 ...
Start With the Honey Harissa Chicken. A lot of people said to get the Harissa Chicken. One person posted on Reddit that they order the super greens and basmati rice as a base, and they choose the ...
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One of the hottest food stocks to own this year has been that of Cava Group (NYSE: CAVA). The Mediterranean restaurant chain went public last year, and while it didn't get off to a great start ...
In 2020, Cava Group converted seven of its Zoës Kitchen locations to Cava-branded restaurants, with plans to convert 50 more in 2021. [ 14 ] [ 15 ] [ 18 ] It has additional off-premises and digital kitchens dedicated to preparing food for online orders.
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 quarter with 352 restaurants, with 11 net new locations opened during the period. Given its modest size, there's still plenty of room for Cava to get a lot bigger in the future, and ...
Cava's market capitalization is up over $10 billion, whereas Cracker Barrel's has sunk down to a measly $1 billion. Therefore, Cava is worth 10 Cracker Barrels, in a manner of speaking. CAVA ...