Business & Economy · 77 views
Cava CFO on growth, AI and why price hikes aren’t on the agenda
Good morning.
Summary
Good morning. When Cava recently reported second-quarter results, the numbers told a story of a fast-casual Mediterranean restaurant defying industry gravity: revenue up 31.3% year over year to $365.4 million, same-restaurant sales up 9% on 5.3% traffic growth, and shares jumping more than 10% in response last week. I also talked with CFO Tricia Tolivar about how the finance organization itself is changing. As her team prepped for the Aug.
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