Cava Group Outlook: What Could Propel or Pull Down Its Stock Performance in 2024
Friday, 22 March 2024, 11:30
Why Cava could soar this year
Cava opened 72 stores in 2023 and eyes 1,000 stores by 2032, akin to Chipotle's success.
Growth in comps is crucial, with a notable 60% revenue increase in 2023.
Why Cava could flop this year
Comps growth may decelerate to 4%, and the high valuation poses a risk to investors.
Investors must weigh the potential against the risks before making a move.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.