Business
Cava Fourth-Quarter Sales Rise on Higher Prices, New Restaurant Openings
Cava Group’s CAVA 26.36%increase; green up pointing triangle fourth-quarter sales rose on higher prices and better-than-expected performance at new restaurants. However, foot traffic fell at existing locations.
The Mediterranean fast-casual restaurant chain said its results show it is resonating with increasingly discerning consumers, who have become more choosy with how they spend. The company also forecast that its same-store sales growth will continue this year.
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