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For its fiscal Q3, Cava's same-store sales soared 18.1% with a 12.9% increase in traffic. Impressively, this came on top of a 14.1% increase the year before, representing what is referred to as a ...
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.
Cava's restaurant-level profit margin was even better than Chipotle's in Q3, at 25.6% versus the burrito roller at 25.5%. In other words, Cava looks to be well on its way to earning Chipotle-like ...
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 ...
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 ...
However, it's important to note that while Cava is indeed growing at a much faster rate, it's also a much smaller business than Chipotle. The latter generated $2.8 billion in revenue in its most ...
Cava now has 341 locations spread around the United States, with unit count growing by over 20% year over year last quarter. In 2024, it expects to open around 55 new locations. Even better is ...
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.