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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.
Cava, for example, has 90% of its restaurants in suburban settings, Schulman said, and the lunch/dinner split is almost 50/50. ... especially as the former has become more expensive amid rising ...
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 ...
By December 2022, the Cava Group had significantly reduced the number of Zoe's Kitchen locations. As of May 2023, all Zoe's Kitchen restaurants had closed, and many had been replaced by Cava restaurants. On June 15, 2023, Cava made its public debut on the NYSE under the symbol CAVA. [16]
There's now 352 Cava restaurants around the US. Tim, I've done some back-of-the-napkin math here, and I want your take on it. This company's got a market cap of about $18.3 billion.
Cava ended the first half of 2024 with 341 locations. At the midpoint of the year, Chipotle had around 3,500 restaurants. It is an order of magnitude larger than Cava.
In the third quarter, Cava handily outpaced Chipotle in a few key areas. The Mediterranean restaurant chain reported revenue growth of 39% year over year, compared to Chipotle's 13%. Better Stock ...
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 ...