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Stock impact report

Where Will Cava Stock Be in 3 Years? [Yahoo! Finance]

CAVA Group, Inc. (CAVA) 
Company Research Source: Yahoo! Finance
That's basically what's going on today with Cava Group (NYSE: CAVA) , a Mediterranean fast-casual restaurant that's drawing in customers in huge numbers. The next three years are likely to see the company grow at a rapid clip. But investors need to go in with their eyes wide open, and keenly focused on this key industry metric. Cava is tapping the Chipotle playbook Cava's restaurant concept isn't really new. It basically rips off Chipotle Mexican Grill 's (NYSE: CMG) assembly line approach to food preparation, but it does it with Mediterranean food instead of Mexican fare. However, this fact makes the comparison here pretty obvious. To lay some important groundwork, at the end of 2023 Chipotle had 3,371 locations in the United States (and another 66 foreign locations). Cava's store count at the end of 2023 was just 309. Cava's entire store base would be little more than a rounding error for Chipotle. But this hints at the potential growth opportunity ahead for Cava, even if it Show less Read more
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