| --- | --- | --- | |---------------------------------------------|------------------------------|-----------------------------| | ($ in thousands) \nLand | April 21, 2024 \n 600 $ | December 31, 2023 \n 600 | | Building | 24,149 | — | | Leasehold improvements | 282,620 | 268,245 | | Equipment | 95,214 | 78,760 | | Furniture and fixtures | 19,979 | 19,694 | | Computer hardware and software | 48,989 | 46,437 | | Vehicles | 508 | 508 | | Construction in progress | 30,863 | 58,501 | | Total property and equipm ...

WASHINGTON, D.C. (May 28, 2024) - CAVA Group, Inc. (NYSE: CAVA) ("CAVA Group" or the "Company"), the categorydefining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, today announced financial results for its fiscal first quarter ended April 21, 2024. Restaurant Sales Growth. Had this shift not been made, CAVA Same Restaurant Sales Growth would have been 4.3%. (1) Adjusted EBITDA was $33.3 million, or 12.9% of revenue, an increase of $16.6 million, or 99.0%, compar ...

Mediterranean fast-casual food chain Cava Group (CAVA) reports Q1 earnings late Tuesday. CAVA stock hit a fresh record high ahead of results, with the hot IPO nearly doubling in 2024. X Stifel on Tuesday hiked its price target on CAVA stock to 90 from 66 and maintained a buy rating on shares, The Fly reported. The firm forecasts the report will "provide evidence of the organic flywheel effect," which occurs when incremental improvements accumulate momentum for significant growth. Meanwhile, Cava is a releva ...

Let's take a look at what these Wall Street heavyweights have to say about Cava Group (CAVA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Cava currently has an average brokerage recommendation (ABR) of 1.61, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 14 brokerage firms. An ABR of 1.61 approximates between Strong Buy and Buy. Of the 14 recommendations that derive the ...

CAVA Group, Inc. (CAVA) is scheduled to report fiscal first-quarter 2024 results on May 28. In the last reported quarter, the company's earnings surpassed the Zacks Consensus Estimate by 100%. How are Estimates Placed? The Zacks Consensus Estimate for fiscal first-quarter 2024 earnings per share has remained stable at 3 cents over the past 30 days. In the last quarter, the company reported earnings per share of 2 cents. The consensus mark for total revenues is pegged at $245.9 million, suggesting a sequenti ...

This fast-growing restaurant chain has won over many investors already. In the past five years, Chipotle has crushed it for shareholders, skyrocketing 340%. The Tex-Mex fast casual concept is still expanding rapidly, while posting incredible profitability. It makes sense that investors seeking the next big industry winner are now taking a closer look at Cava (CAVA 6.87%), a much smaller chain. This surging restaurant stock is already up nearly 90% year to date. Does this powerful momentum make Cava a once-i ...

U.S. restaurants continue to flourish in 2024 after performing impressively for the last two years. Restaurant sales were not impacted much by severe inflationary pressure. The momentum is likely to continue for the rest of 2024. Strong Restaurant Sales in April The Department of Commerce reported that sales at U.S. bars and restaurants (adjusted for seasonal variation and holiday sales but not for price changes) came in at $93.9 billion in April, up 0.2% from March. Year over year, spending at restaurants ...

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Mediterranean fast casual? Mediterranean fast casual Cava does build-your-own grain bowls and sandwich wraps in a similar fashion to Chipotle. But instead of Mexican food, it does Mediterranean wraps with falafel, hummus, and pita bread. In 2023, Cava locations did $2.6 million in average unit volumes (AUVs) with 24.8% restaurant-level profit margins. This novel concept seems to be resonating with customers, as foot traffic per store increased 10% year over year in 2023. This new fast-casual chain is lookin ...

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Cava Group (CAVA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. Cava Group is one of 213 individual stocks in the Retail-Whol ...