Where Will Cava Stock Be in 5 Years?

Cava Group (NYSE: CAVA) may be the biggest surprise in the restaurant industry in decades.The company, which has fashioned itself as a Mediterranean version of Chipotle complete with a fast-casual concept, bowls, pita sandwiches that resemble burritos, and a minimalist industrial decor, has blown away expectations.Cava stock has nearly tripled since its initial public offering (IPO) in June 2023 as the company has delivered blowout growth in nearly every quarter since it went public. In its last update, in the third quarter of 2024, Cava reported an 18.1% increase in same-store sales, which drove overall revenue up 39% to $241.5 million. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool