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CAVA’s Revenue Growth Accelerates on New Restaurant Openings and Rising Traffic

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CAVA’s Revenue Growth Accelerates on New Restaurant Openings and Rising Traffic
A Cava restaurant in Pasadena, Calif., on Feb. 6, 2023. Mario Tama/Getty Images
Panos Mourdoukoutas
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CAVA’s revenue growth accelerated in the third quarter of 2024, driven by new restaurant openings and traffic. One analyst finds this performance “breathtaking.”

After the market closed on Tuesday, the fast-casual dining chain reported sales of $241.5 million for the third quarter ended Oct. 6, a 39 percent annual increase.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”