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Business

Jea Yu

Mediterranean Growth Monster: CAVA Keeps Surging—Buy the Dip?

Cava Chipotle Sweetgreen MarketBeat Piper Sandler

[content-module:CompanyOverview|NYSE:CAVA]

It’s not common to see a restaurant chain perform double-digit same-store restaurant sales growth, also referred to as year-over-year (YoY) comparable (comp) sales growth, these days.

The retail/wholesale sector is reeling from strapped consumers trying to survive food inflation. CAVA Group Inc. (NYSE: CAVA) is a chain of Mediterranean fast-casual restaurants taking the nation by storm.

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