3 Must-Know Facts About Cava, Before You Buy the Stock [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
As of April 12, the stock has surged 48% in 2024, beating the S&P 500 by a wide margin. This mid-cap restaurant stock is starting to win over the market. And given its strong performance, you might be considering adding shares to your portfolio. Before doing so, there are three things you need to know. Rapid expansion Cava might fly under the radar given that it doesn't have the scale and wide reach of a business like McDonald's or Starbucks . But that's precisely why it's attracting Wall Street's attention. There is meaningful growth potential. As of Dec. 31, Cava operated 309 restaurants across the country, up 30% from the year before. And the plan is to open 50 new stores in 2024. But over the very long term, executives believe the chain could have 1,000 locations open by 2032. That would translate to a more than threefold expansion. At that size, Cava would certainly be generating significantly greater revenue. And it could become a household name in the competitive rest
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