Market Hit: CE Data Illustrates How Demographics Drive CAVA’s Impressive Customer Frequency
Fast-casual Mediterranean restaurant company Cava Group (CAVA) reported total revenue growth of +27%, close to CE Implied reported growth of +26% and above consensus of +20%.
CAVA Total Revenue Growth YoY
The company has experienced faster growth of customer frequency vs. the overall Fast Casual Dining Subindustry, indicating that its offerings are resonating with consumers and drawing them back for more.
CAVA vs Fast Casual Dining Transactions Per Customer
Focusing in on the most recent calendar quarter, CAVA has seen outsized outperformance in the core “worker” demographics (ages 25-54) as it has expanded in both urban and suburban markets.
CAVA vs Fast Casual Dining Difference in Transactions Per Shopper
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