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CAVA Group, Inc. - CAVA STOCK NEWS

Welcome to our dedicated page for CAVA Group news (Ticker: CAVA), a resource for investors and traders seeking the latest updates and insights on CAVA Group stock.

CAVA Group, Inc. (symbol: CAVA) is a prominent player in the fast-casual dining industry, known for its Mediterranean-inspired cuisine. The company operates a chain of restaurants that offer a diverse menu characterized by healthful and bold flavors. As a category-defining brand, CAVA Group's mission is to provide nutritious and delicious meals at scale.

CAVA Group's offerings include a variety of dips, spreads, and dressings that are produced centrally and distributed through grocery stores, making their flavors accessible beyond their restaurant locations. The company's operations are divided into two primary segments: CAVA and Zoes Kitchen, with the CAVA segment being the main revenue driver.

In recent years, CAVA Group has focused on expanding its reach and enhancing its customer experience. This includes the introduction of new menu items, investment in technology to streamline operations, and strategic partnerships to broaden their market presence. The company's financial health is reflected in its steady revenue growth, attributed to its expanding footprint and consumer popularity.

With a commitment to quality ingredients and innovative flavors, CAVA Group continues to solidify its position in the fast-casual restaurant sector. Their dedication to sustainability and community engagement further enhances their brand appeal and customer loyalty.

News

CAVA Launches Its First Nationwide Search for the Best Guest Custom Bowl

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CAVA announces nationwide contest for best custom bowls, winners to receive $5k in credit and have creations featured on menu. Contest open to U.S. guests 18+, judged based on video originality, culinary uniqueness, and deliciousness. Winning dishes to be added to menu nationwide for a time.
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CAVA to Participate in J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum

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CAVA Group, Inc. (NYSE: CAVA) will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 14, 2024. Brett Schulman and Tricia Tolivar will engage in 1x1 meetings and a fireside chat at 3:00 PM EDT.
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CAVA Group Reports Fourth Quarter and Full Year Fiscal 2023 Results

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CAVA Group, Inc. (NYSE: CAVA) reports impressive full-year revenue growth of 59.8%, driven by strong same restaurant sales growth of 17.9%. The company opened 72 net new restaurants during fiscal 2023, showcasing a restaurant-level profit margin of 24.8%. Fiscal fourth quarter 2023 highlights include a revenue increase of 52.5%, net new restaurant openings of 19, and a restaurant-level profit margin of 22.4%. CAVA's digital revenue mix was 35.9% for the quarter and 36.0% for the full year. The company achieved significant net income growth and adjusted EBITDA improvement, signaling a positive financial performance.
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CAVA to Announce Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024

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CAVA Group, Inc. (NYSE: CAVA) will host a conference call on February 27, 2024, to discuss fourth quarter and full year 2023 financial results and provide a business update. The call will be webcast live and a recorded webcast will be available on CAVA’s investor relations website. The press release with financial results will be issued at approximately 4:10 PM Eastern Time on the same day.
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CAVA To Participate in Morgan Stanley Global Consumer & Retail Conference

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CAVA Group, Inc. (NYSE: CAVA) will participate in the Morgan Stanley Global Consumer & Retail Conference on December 6, 2023. Brett Schulman and Tricia Tolivar will engage in 1x1 meetings and a fireside chat at 10:15 AM EST. The fireside chat will be accessible on the 'Events and Presentations' section of the company’s IR website at investor.cava.com.
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CAVA Group Reports Third Quarter 2023 Results

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CAVA Group, Inc. (NYSE: CAVA) Announces 49.5% Year-Over-Year Revenue Growth and 25.1% Restaurant-Level Profit Margin in Q3 2023
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CAVA To Announce Third Quarter 2023 Results On November 7, 2023

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CAVA Group, Inc. will host a conference call on November 7, 2023, to discuss Q3 financial results and provide a business update.
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CAVA To Participate in Upcoming Investor Conferences

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CAVA Group, Inc. to participate in investor conferences
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CAVA Group Reports Second Quarter 2023 Results

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CAVA Group, Inc. reports strong Q2 2023 results with revenue growth of 62.4% and net income of $6.5 million. CAVA Same Restaurant Sales grew by 18.2%. CAVA Restaurant-Level Profit Margin increased by 400 basis points to 26.1%. 16 net new CAVA restaurant openings during the quarter. Fiscal full-year 2023 outlook includes 65-70 net new restaurant openings and a CAVA Same Restaurant Sales growth of 13.0%-15.0%.
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CAVA To Announce Second Quarter 2023 Results On August 15, 2023

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FAQ

What is the current stock price of CAVA Group (CAVA)?

The current stock price of CAVA Group (CAVA) is $116.13 as of September 6, 2024.

What is the market cap of CAVA Group (CAVA)?

The market cap of CAVA Group (CAVA) is approximately 13.0B.

What does CAVA Group, Inc. do?

CAVA Group, Inc. operates a chain of Mediterranean fast-casual restaurants and sells dips, spreads, and dressings in grocery stores.

What are the main segments of CAVA Group, Inc.?

CAVA Group operates through two primary segments: CAVA and Zoes Kitchen, with the majority of its revenue generated from the CAVA segment.

Where can I find CAVA Group's products?

In addition to their restaurant locations, CAVA Group's dips, spreads, and dressings are available in various grocery stores.

What makes CAVA Group unique?

CAVA Group is known for its healthful Mediterranean cuisine with bold flavors, offered in a fast-casual dining format.

Has CAVA Group introduced any new menu items recently?

Yes, CAVA Group regularly updates its menu with new items to enhance customer experience and meet evolving tastes.

How is CAVA Group performing financially?

CAVA Group has demonstrated steady revenue growth, driven by its expanding restaurant footprint and popular product offerings.

Does CAVA Group engage in any sustainability practices?

Yes, CAVA Group is committed to sustainability and community engagement, which contributes to its strong brand reputation and customer loyalty.

What is the primary revenue driver for CAVA Group?

The CAVA segment is the primary revenue driver for CAVA Group, Inc.

Are there any recent partnerships or collaborations involving CAVA Group?

CAVA Group has engaged in strategic partnerships to expand their market reach and enhance customer experience.

What type of cuisine does CAVA Group specialize in?

CAVA Group specializes in Mediterranean-inspired cuisine, offering a variety of healthful and flavorful food options.

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CAVA Group, Inc.

NYSE:CAVA

CAVA Rankings

#701 Ranked by Market Cap
N/A Ranked by Dividends

CAVA Stock Data

13.04B
114.32M
9.49%
73.76%
8.71%
Restaurants
Retail-eating Places
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United States of America
WASHINGTON