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If Cava continues to deliver strong comparable sales growth -- comps were up 18.1% in the third quarter -- and continues to open new restaurants, it's likely to top that forecast.
Cava has only 352 restaurants right now, but each one is bringing in a lot of sales, and average unit volume increased from $2.7 million in the second quarter to $2.8 million in the third quarter.
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 ...
The company is on track to open 56 to 58 locations this year, meaning it will finish 2024 with 365 to 367 locations. ... it saw potential to open more than 1,000 Cava restaurants in the U.S. by ...
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 ...
If you're still worried about the cost, another person commented on a different forum that they get the kid's meal for lunch because it comes with a side of pita chips and a drink for under $9.
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 ...
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.