Principal at Pacific Management Consulting Group, Restaurant Analyst and Management Consultant
A double earnings/sales beat, raised guidance in many meaningful categories, and new product new news for CAVA makes for a great quarter. In fact, very few other brands--only a handful-- are doing as well. A new brand regarded as cool by guests and employees and the right kind of executive management and food has been evident for years now. The IPO seems to have supercharged attention and momentum. The discussion about the calendar adjusted SSS and traffic and the two year stacked SSS number warrants a note. While the 10Q P&L necessarily focuses on change from prior year, we are almost certainly wrong focusing on that number. We as an industry can and must spend more time on 2 year and even five year stacked numbers for better MD&A. CAVA did today. Their disclosure changed the tone. Thank you Brett Schulman.
🙏thanks John!
Chris Noon Cava started in my neighborhood and is now in Chicagoland. You need to try it.
Cava Rocks...had the pleasure of meeting 3 of your team members at the NRA show in Chicago and showered them with praise about your brand..and requested a store in Newton/Chestnut Hill, MA....AGAIN ;-)
Vermont based Media Pro amplifying growing companies in Rural America. #1 Rule - STOP SENDING PRESS RELEASES Julie@juliekelleycomms.com
1yIt’s been so insightful to see the progression!