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For Sweetgreen, its same-store sales growth came from a 4% lift from menu prices and 2% increase in traffic and mix. ... Customers arrive at a Cava restaurant in New York City, U.S., June 22, 2023.
In its IPO documents, management said it thinks there is room for at least 1,000 Cava restaurant locations in the United States. Last year, it opened 72 stores, and it plans to open 50 more in 2024.
Brett Schulman knows crazy—and he’s not talking about the feta.. The 52-year-old CEO and co-founder has watched Cava, the cult-classic Mediterranean fast-casual spot, skyrocket.
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]
The menu has no prices. Instead, guests are asked to 1) pay what you can afford, 2) pay what you would typically pay at a similar restaurant, or 3) pay a little extra to help a neighbor in need.
Fast casual restaurant United States 410 Fast casual restaurant that specializes in American and international noodle dishes Noon Mediterranean: Fast casual: United States 20 Pancheros Mexican Grill: Tex-Mex United States 71 Panera Bread: Bakery-Café United States, Canada 2,000+ Papa Gino's: Italian-American cuisine: United States, worldwide 97
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The company is seeing double-digit same restaurant sales growth across all income levels, from customers who earn at least $100,000 annually to customers who earn $50,000 or less.