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Fortune

Sheryl Estrada

Cava surpasses $1 billion in revenue—CFO says no plans for price increases

Cava Tricia Tolivar

(Credit: Courtesy of Cava)

Good morning. A mix of Mediterranean flavors in healthy dishes—along with a side of pita chips—continues to lure diners to Cava, propelling the company to a major milestone.

The company announced Thursday that it has surpassed $1 billion in revenue over the most recent 12-month period. Cava's fast-casual business began in 2010 and started trading on the New York Stock Exchange in 2023. What’s behind the momentum?

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