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Brett Schulman (Cava CEO) tells Bloomberg that consumers are trading into Cava from full-service restaurants, other limited-service chains and grocery, i.e. Cava's growth is share gain, not just trade-down.
Yeah, we see people trading into Kava from full-service restaurants, from other limited-service restaurants, or as an alternative to the grocery store.
Brett Schulman (Cava CEO) tells Bloomberg Cava took a ~1.5% menu price increase in January and plans no further increases in 2026 despite inflation above 3%.
We took about a 1.5% menu price adjustment in January with no plans to take further price increase where inflation is running north of 3% this year.
Brett Schulman (Cava CEO) tells Bloomberg that Cava will open in the Bay Area next year (2027).
We did announce we are going to open in the Bay area next year.
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