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The Mediterranean restaurant chain reported revenue growth of 39% year over year, compared to Chipotle's 13%. Cava also won with same-restaurant sales growth (comps) of 18.1% compared to Chipotle ...
Cava (NYSE: CAVA) and Chipotle (NYSE: CMG) are two of the best-performing restaurant businesses in the world, but only one can be the better investment in this comparison. Stock prices used were ...
CAVA Market Cap data by YCharts.. Further, when comparing market cap and sales to the number of locations, Chipotle's stock looks cheaper. The average Cava restaurant has a value of $42.5 million ...
Chipotle Mexican Grill (NYSE: CMG) is probably best known for its assembly line-style fresh food preparation. Cava Group (NYSE: CAVA) has also built its foundation on the same concept, but with ...
As of this writing, shares of Cava trade at a nosebleed price-to-sales ratio of 9.9, while Chipotle's multiple sits at 6.8. To be clear, both of these valuations are expensive, and that's a main ...
So why is Cava performing so well as some of its peers struggle? Placer.ai noted that much of its recent success is likely due to its aggressive expansion efforts.According to its latest earnings ...
In November 2018, Cava Group bought Zoës Kitchen, a restaurant chain with more than 250 locations, in a deal worth $300 million, taking the company private and helping Cava expand further into the suburbs. [6] [17] [18] As of August 2021, there are 133 Cava locations. All Cava restaurants are company-owned, and none are franchised. [6]
In Q2, Cava's same-store sales were even better than Chipotle's, rising 14.4%. That's a shockingly strong result, likely helped along by the novelty of Cava's food concept.