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On one level, the stock does look expensive, trading at a price-to-earnings ratio above 200, but if you take a closer look at the numbers, you might find that Cava isn't quite as expensive as you ...
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 ...
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 ...
But the stock's valuation is expensive. Cava shares trade at a price-to-sales (P/S) ratio of around 20, which is exceedingly high compared to other world-class restaurant operators such as ...
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'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 ...
Shares of fast-casual Mediterranean food chain Cava Group (NYSE: CAVA) were on the move today, jumping after the company reported better-than-expected results in its third-quarter earnings report ...