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Second: 80% of our restaurants at Cava were already in the suburbs, and we were seeing how well-received we were and how well we were performing in the suburbs. Zoe's real-estate portfolio was 100 ...
You go eat at home. Cava wants you in the store. But what they want to do is use the digital channel and particularly the loyalty program to get you interested in the menu and engaging with the menu.
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.
By December 2022, the Cava Group had significantly reduced the number of Zoe's Kitchen locations. As of May 2023, all Zoe's Kitchen restaurants had closed, and many had been replaced by Cava restaurants. On June 15, 2023, Cava made its public debut on the NYSE under the symbol CAVA. [16]
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.
In the third quarter, Cava handily outpaced Chipotle in a few key areas. The Mediterranean restaurant chain reported revenue growth of 39% year over year, compared to Chipotle's 13%.
“The consumer is really focused on what price they're paying [everywhere], not just in restaurants,” Cardenas said. “But at the same time, our guests aren't managing their check like we've ...
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