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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 ...
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.
The lower the percentage, the more expensive it is. In the case of Cava, it is 0.2%. In other words, the amount of required growth baked into Cava is outrageous.
Although profitable, Cava shares are still very expensive, priced at more than 300 times this year's expected per-share earnings of $0.42 and just under 300 times next year's expected $0.50. The ...
Cava locations have an average unit volume (AUV) of $2.7 million. This is solid for a new restaurant concept, but there is still plenty of room for improvement over the next 10 years.
Despite the expensive nature of the stock, I still like Cava over the long term. Traffic increased 9.5% during the quarter, which again is in contrast to what was a weaker quarter for restaurants.
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.
The gains continued a surge that began last year as Cava's Chipotle-like concept is clearly resonating with customers. The top line soared again at Cava as same-store sales jumped a whopping 18% ...