Operations
With IPO capital in hand, Cava looks onward to growth
The 263-unit Mediterranean chain plans to reach 1,000 locations across the U.S. by 2032 and sees an opportunity to grow sales with new formats, catering and building loyalty.
Operations
Cava raises $318M in its IPO
On the eve of its debut on the New York Stock Exchange, the fast-casual chain's initial stock price hit $22 per share, well above earlier projections. The price gives the company a $2.5 billion valuation.