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As of April 1, Cava's AUV was hitting an all-time high of over $2.5 million -- that's close enough to Chipotle's to be a valid comparison. As you'd expect with high AUV, Cava also has strong ...
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Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown
After bucking industry trends, fast-casual chains like Chipotle and Cava are finally feeling the consumer slowdown.
Far from it. Chipotle is still wildly popular, having scaled to more than 3,250 restaurants in the US, Canada, the UK, France, and Germany. But Chipotle isn't the darling of the ball anymore.
Back in June, Cava almost doubled on its trading debut, surging 99% from the IPO price to give the company a market value of $4.9 billion. “Experience would suggest there will be other entry ...
Fast casual dining has become one of the most popular options for diners over the last several years. So far in 2024, Cava stock is up 98% while shares of Chipotle have gained 25% -- each handily ...
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Cava—the ‘Mediterranean Chipotle’—is one of Wall Street’s ...
By comparison, investors valued Chipotle at about $4 million per restaurant when the same amount of time had passed since its January 2006 IPO (the same year Cava's original three founders decided ...
Cava Group Inc.’s stock has surged since it started life as a listed company last month, and analysts generally agree further gains are on the way, with some comparing the fast-casual restaurant ...
For context, Chipotle currently has about 3,200 stores and has a long-term goal of 7,000 locations in North America alone, which dwarfs Cava's ambition by comparison.
If you make that comparison, you have to compare Cava to early Chipotle, which was a similar story,” Balik says. “It opened a lot of new stores, it grew quickly, but the operations and ...
In comparison, Cava's restaurant level profit margin was 25.2%. At the end of Q1, Chipotle boasted nearly 3,500 locations -- roughly 10 times Cava's number.
In comparison, Cava's restaurant level profit margin was 25.2%. At the end of Q1, Chipotle boasted nearly 3,500 locations -- roughly 10 times Cava's number.
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