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The lower the percentage, the more expensive it is. In the case of Cava, it is 0.2%. ... not Cava's data, but other data would suggest that people are eating out less, feeling a bit more sensitive ...
While that's great for shareholders, people who are looking at buying the stock for the first time may feel as though they've missed the boat. Cava Group's sales grew by nearly 40% last quarter to ...
Following its IPO, Cava stock closed at $43.30, valuing the restaurant chain at roughly $4.8 billion — almost twice what the company priced its valuation the night before at $22 per share (for a ...
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]
CAVA PE Ratio data by YCharts. PE = price-to-earnings. PS = price-to-sales. When compared by both revenue and earnings, investors are paying a far higher multiple for Cava Group.
In 2023, Cava locations did $2.6 million in average unit volumes (AUVs) with 24.8% restaurant-level profit margins. This novel concept seems to be resonating with customers, as foot traffic per ...
Now, to look to our outlook for full year 2024, we expect the following: 50 to 54 net new CAVA restaurant openings, CAVA same restaurant sales growth of 4.5% to 6.5%, CAVA restaurant level profit ...
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.