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For the period ending July 14, Cava reported same restaurant store sales growth of 14.4%. This figure simply takes into account the same restaurants that were opened a year ago.
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 ...
You go eat at home. Cava wants you in the store. ... toast is going to grow the average spend per location from about 40,000 per location today. That's a restaurant customer. ... more expensive ...
Cava opened just 18 new restaurants. But when you compare those numbers to the store bases of each of these companies, you start to see a notable difference. At 341 stores, 18 locations is a ...
Cava's restaurant-level profit margins are 26.5%, which should translate to at least 10% to 15% consolidated profit margins when including overhead costs once the company stops pushing for growth ...
Cava restaurant in Silver Spring, Maryland. 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.
The Mediterranean-themed restaurant chain Cava Group (NYSE: CAVA) is a good example. As of April 21, Cava had only 323 locations -- about half the footprint of Cracker Barrel.
Image source: Cava. Cava shines again. Cava said that comparable sales surged 14.4% in the period, driven by 9.5% traffic growth. That drove revenue up 35.2% to $231.4 million, which was ahead of ...
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