Cava isn’t just feeding salads and bowls to its loyal consumers of finance bros and suburbanites, it’s getting plenty full itself. The fast-casual chain, known for Mediterranean-inspired bowls and salads and better-for-you-branding, raised its annual sales outlook after beating first-quarter earning expectations.
The company reported Wednesday a 30.3% year-over-year revenue growth to $256.3 million, compared to $196.8 million the quarter before and despite faltering store traffic. Same restaurant sales grew 2.3% to 30.7% in the past two years, and the chain opened 14 more locations last quarter as customers clamored for falafel and lamb bowls with scoops of its “crazy” whipped feta topping. Cava now expects same-store sales to grow 4.5%-6.5%, up from the 3%-5% it initially projected.
