Market Hit: CE Data Mirrored Restaurant Company Cava Group Company-Reported Growth
Fast-casual Mediterranean restaurant company Cava Group (CAVA) reported total revenue growth of +27%, in-line with the CE Implied reported growth of +27%, and beating consensus estimates of +23%.
Cava Grill Year-Over-Year Revenue Growth
Cava Grill New Customer Growth
While traffic growth remains steady, CAVA mentioned room to grow in brand awareness and relationships with existing customers – especially with the launch of its new loyalty program. CE data showed that roughly 25% of customers were new this quarter compared to last quarter’s 29%. CE clients can leverage our data to monitor how CAVA balances acquiring new customers with retaining and growing their customer base both in size, frequency, and share of wallet.
Consumer Edge is the leading provider of alternative data for consumer spending behavior, and the only provider of global revenue signals. If you’d like to benefit from using Transact US or other products for restaurants, retail, and other industry data year-round to track trends and market hits like these, reach out to insights@staging.consumer-edge.com.
About the Authors
Rachel Zucker is an Insights Analyst for the CEIC. Follow her on LinkedIn.
