Cava Just Made a Move That Supports Its Ambitious Growth Plans Through the End of the Decade [Yahoo! Finance]
CAVA Group, Inc. (CAVA)
Company Research
Source: Yahoo! Finance
On the menu, diners will find options made with feta cheese, falafel, hummus, tzatziki, and other items that aren't typically found when eating out. Consumers are rallying behind the Cava brand at a head-turning pace. Consider that the company's restaurants generate $2.6 million in annual sales per location, on average -- and that's very high. In 2023, the company's same-store sales went up nearly 18% year over year in a clear sign of consumer demand. These same consumers are demanding more food from Cava, but the company only had 309 locations at the end of 2023 from which to serve them. But since the demand is clearly there, management has set an ambitious long-term goal: By 2032, it hopes to have 1,000 Cava locations. Growing to 1,000 locations won't be simple. The company will need to have infrastructure in place to support that many restaurants because all of them are company-owned. With this background, there's some good news for investors today: Cava just made a move that
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CAVA
News
- Cava Group (CAVA) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- CAVA to Announce First Quarter 2024 Financial Results on May 28, 2024Business Wire
- Reddit Earnings Forecast Spark Community Debate About Platform's Value [Yahoo! Finance]Yahoo! Finance
- Why the Market Dipped But Cava Group (CAVA) Gained Today [Yahoo! Finance]Yahoo! Finance
- Where Will Cava Stock Be in 3 Years? [Yahoo! Finance]Yahoo! Finance
CAVA
Earnings
- 2/26/24 - Beat
CAVA
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- CAVA's page on the SEC website