Cava Group, a Mediterranean fast-casual chain, reported a 30% revenue increase to $256.3M in Q1, driven by 323 locations versus 263 a year ago.
Cava Group, a Mediterranean fast-casual restaurant chain, reported a 30% revenue increase to $256.3M in Q1, driven by 323 locations versus 263 a year ago. Same-restaurant sales grew 2.3%, but adjusting for holiday shifts, they would've seen 4.3% growth. With Chipotle's stock having risen over 7,000% since its 2006 IPO, Cava Group is seen as a potential competitor, raising questions about whether it's a good investment now.
June 01, 2024
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