CAVA Group, Inc. announced its plans to expand by opening up to 68 new locations in the U.S. during fiscal 2025 after stronger-than-expected first quarter earnings. Operating 382 locations across 26 states, Cava's growth contrasts with challenges faced by many fast-food chains. Their strategy includes affordable Mediterranean cuisine appealing to consumers seeking healthier dining options. CEO Brett Schulman noted the importance of pricing and hospitality, reflecting their goal to reach 1,000 locations by 2032. Cava has already opened 15 new locations in Q1, marking an 18.3% year-over-year increase.
"Cava has found its hitting a sweet spot for customers who are trading up from fast food to purchase Cava's healthy bowls and pitas, while trading down."
"At a time when guests are being more selective about where they dine, the appeal of our Mediterranean cuisine continues to resonate with the modern consumer."
"We want to reach 1,000 locations by 2032," indicating Cava's ambitious growth strategy amid the competitive restaurant market.
"The company previously opened 15 net new locations in Q1, representing an 18.3% increase in total restaurants year-over-year."
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