Tag
restaurant industry
2 articles
CAVA's 32% Revenue Surge: Traffic Growth Defies Sector Trends
CAVA Group posted $438.3 million in Q1 revenue, up 32.2 percent year over year, with 9.7 percent same-restaurant sales growth driven by a 6.8 percent rise in guest traffic.
Jersey Mike's IPO Stumbles: Shares Close 2 Percent Below Offering Price
Shares of the sandwich chain closed at $22.54 on their first trading day, below the $23 IPO price set at the top of the expected range