Market Hit: CE Data Mirrored Restaurant Company Cava Group Company-Reported Growth
Fast-casual Mediterranean restaurant company Cava Group (CAVA) reported total revenue growth of +27%, in-line with the CE Implied reported growth of +27%, and beating consensus estimates of +23%.
Cava Grill Year-Over-Year Revenue Growth
Cava Grill New Customer Growth
While traffic growth remains steady, CAVA mentioned room to grow in brand awareness and relationships with existing customers – especially with the launch of its new loyalty program. CE data showed that roughly 25% of customers were new this quarter compared to last quarter’s 29%. CE clients can leverage our data to monitor how CAVA balances acquiring new customers with retaining and growing their customer base both in size, frequency, and share of wallet.
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