Cava Group, based in Washington, D.C., operates approximately 309 fast-casual CAVA restaurants serving Mediterranean cuisine and went public on June 15, 2023. The menu caters to various dietary preferences and offers customizable options.
CAVA has been in the news recently: CAVA Group, Inc. (NYSE:CAVA) reported disappointing third-quarter earnings, failing to meet Wall Street expectations for both revenue and profit. Despite this, Gainers, a relevant entity, experienced a 15% increase in revenue during the same period, attributed to strong sales in their new product line.
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