CAVA's 2024 Restaurant Cohort Drives Growth

Earnings
โดย Zacks Investment Research·US·Read original
Summary · why it matters

CAVA Group's 2024 restaurant cohort is delivering double-digit same-store sales, making it the highest-performing vintage in its portfolio and supporting the company's expansion plans. CAVA ended the second quarter of 2026 with 476 restaurants after opening 17 net new locations, with new restaurant productivity above 100% and systemwide average unit volumes reaching $3.1 million. The company expects the 2026 classes to follow a similar maturation pattern, and it plans to open 75-77 net new restaurants in 2026. In contrast, Chipotle opened 101 restaurants in the second quarter, including 80 Chipotlanes, and expects about 350 openings for the full year, while Sweetgreen took a more measured approach, opening four and closing two locations to end with 287. CAVA's stock has lost 7.4% in the past year, and it trades at a forward price-to-sales ratio of 4.21, above the industry average of 3.27.

Impact on stocks 4

Consumer Discretionary▲ · 3 stocks
CAVA Group, Inc.
CAVA
▲ PositiveDemandrelevance

2024 cohort delivers double-digit same-store sales and new restaurants exceed 100% productivity, supporting 75-77 net openings in 2026

Sweetgreen Inc
SG
± Mixedrelevance

mentioned only for comparison, opening four and closing two locations to end with 287

Artificial Intelligence▲ · 1 stocks
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