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Stock impact report

Cava's Explosion: The Restaurant Chain Everyone's About to Know [Yahoo! Finance]

Chipotle Mexican Grill, Inc. (CMG) 
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
Company Research Source: Yahoo! Finance
Cava, the fast-casual Mediterranean spot, is growing so quickly that the company is expected to open 60 new locations this year, per USA Today . As of last year, Cava had 367 locations in 26 states and Washington, D.C., and they hope to expand to 1,000 restaurants by 2032. CEO and co-founder Brett Schulman spoke with Fortune in October 2024 about his restaurants being compared to the next Chipotle. "I think that's high praise. Chipotle has built an incredible business. There are 3,500 restaurants, I think, today across the country," he explained. "That's a much larger scale than us. But we focus on trying to be the best Cava or the next Cava. And again, I think we're creating something very unique with our cuisine." Bloomberg/Getty Images Schulman is also very conscientious about the portion size of their bowls, a criticism that has haunted Chipotle after their explosive growth. "We're very focused on that because we don't want people feeling like they're getting short-chan Show less Read more
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