Reported about 23 hours ago
Cava, a Mediterranean-inspired fast-casual chain, has shown strong performance, with a 10.8% increase in same-store sales despite the economic uncertainties affecting the industry. CEO Brett Schulman emphasized that the company has no plans to raise prices, focusing on providing value to customers amid rising costs in the sector, while competitors like Chipotle and Sweetgreen are facing declines in sales and foot traffic.
Source: YAHOO