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Twin Vee PowerCats Co. Announces Election of New Board Directors Carol Craig and Larry Swets, Jr.
Accessnewswire· 2025-12-05 13:15
Core Insights - Twin Vee PowerCats Co. has elected Carol Craig and Larry Swets, Jr. to its Board of Directors, effective December 4, 2025, following the departure of Marcia Kull and Neil Ross [1][5] Group 1: Board Member Profiles - Larry Swets, Jr. brings over 25 years of experience in financial services and is currently the Executive Chairman of Saltire Capital, Ltd. He has extensive governance experience and holds a Master's Degree in Finance [2][3] - Carol Craig is the founder and CEO of Sidus Space, a space and defense technology firm. She has a strong background in advanced technology solutions and is pursuing an MBA and a PhD in Systems Engineering [3][4] Group 2: Company Overview - Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, known for their stable, fuel-efficient, and smooth-riding catamaran hull designs [6][7] - The company has been building and selling boats for 30 years and is recognized as a leading brand in the catamaran sport boat category [6][7]
Is CAVA's Store Expansion Strategy Built for Long-Term Efficiency?
ZACKS· 2025-06-05 13:41
Core Insights - CAVA Group is aggressively expanding its footprint, demonstrating that the Mediterranean-forward fast-casual model is a scalable and high-return growth strategy [1] Expansion and Growth - In Q1 2025, CAVA opened 15 net new restaurants, increasing its total to 382 locations, representing an 18.3% year-over-year growth. The company plans to open 64-68 net new restaurants in 2025 and aims for at least 1,000 locations by 2032 [2] - New stores are exceeding sales and margin expectations, with restaurant-level profit increasing by 27.4% year over year. Mature locations show strong average unit volumes (AUVs), with top-quartile stores achieving AUVs above $4 million and margins exceeding 30% [3][11] Operational Enhancements - CAVA is investing in operational improvements, including the Connected Kitchen initiative, which utilizes AI-assisted prep and kitchen display systems to enhance guest satisfaction and throughput. The labor deployment model is also being optimized for better team productivity [4] - Project Soul design upgrades are aimed at deepening customer connections in-store [4] Sales Performance - Despite macroeconomic uncertainties, CAVA reported robust same-restaurant sales, which increased by 10.8% in Q1 2025, driven by a 7.5% gain in traffic. This indicates strong demand even as the company accelerates its expansion [5] Industry Context - Other restaurant operators like Chipotle and Sweetgreen are also focusing on expansion, with Chipotle opening 57 new restaurants in Q1 2025 and planning to open 315 to 345 new locations this year, while Sweetgreen expects to open at least 40 new restaurants [6][7][8] Financial Performance - CAVA's shares have decreased by 0.7% over the past three months, compared to a 3% decline in the industry [9] - The Zacks Consensus Estimate for CAVA's earnings per share has been revised upward by 5.5% to 58 cents for the current year [12] - CAVA is currently priced at a premium with a forward 12-month price-to-sales ratio of 7.26, above the industry average [14]