The Genius Way That Cava Plans to Expand Into New Markets
Cava Group (NYSE: CAVA) is a Mediterranean-themed restaurant chain that just went public in 2023. And the initial public offering (IPO) was a smash hit, raising over $300 million. The shares have continued to climb since its debut, soaring to a rich valuation because investors believe in Cava's long-term potential.
And management is certainly promising a lot. As of July 9, the chain only had 279 locations, but it plans to operate more than 1,000 by 2032. This sounds like a daunting challenge for Cava to achieve, but fortunately the company has a genius solution that could help it get there.
Analysts primarily talk about Cava's restaurants. Therefore, many investors may not know that the company also offers consumer-packaged goods (CPG) in over 650 grocery stores around the U.S. The CPG offerings include some of the dressings and dips it serves in its restaurants.
Source Fool.com
